October 4, 2011 8:49 PM

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ADB declares $ 200 million loan to Assam for urban development

The Asian Development Bank, ADB has announced a 200 million Dollar loan to improve water supply and other urban services in Guwahati and Dibrugarh, Assam. According to an official release, the ADB board of directors has approved the multi-trance financing facility for the Assam Urban Infrastructure Investment Programme.Funds from the initiative will be used to provide clean piped water to about 3.5 lakh residents in Guwahati, as wellas for major upgrades of sewerage and solid waste systems in the two cities. In addition, a 10-km-long bus rapid transit corridor will be developed in Guwahati, which is intended to serve more than 40,000 people a day.

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