November 19, 2019 11:08 AM

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ADB to provide USD 91 million loan for Vijayanagara Channel

<span style="color: #222222;">The Centre and Asian Development Bank (ADB) has signed an agreement to extend 91 million US dollar loan to modernize the Vijayanagara Channel Irrigation Systems and prepare river basin management plans in the Krishna river basin. It will help improve irrigation water use efficiency and contribute to improving sustainable water security in Karnataka.<br />'' <br />'' The second project loan for the Karnataka Integrated and Sustainable Water Resources Management Investment Programme (IWRM) was signed yesterday by Additional Secretary in the Finance Ministry Sameer Kumar Khare and Country Director of ADB's India Resident Mission, Kenichi Yokoyama.<br />'' <br />''<br />''Mr Khare said, the investment programme will help Karnataka Government strengthening its institutions involved in integrated water resource management and modernizing the irrigation system infrastructure for improving water use efficiency in the State.</span><br />

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