November 18, 2021 8:37 PM

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AIIB approves another USD 150 M loan to India for implementation of Sustainable Urban services program for Chennai Metropolitan Area

The Asian Infrastructure Investment Bank (AIIB) has approved 150 million USD loan to the Government of India for the implementation of the Sustainable Urban services program for Chennai Metropolitan Area (CMA). AIIB Vice President (Investment Operations), Dr. D.J. Pandian while speaking to Prasar Bharati Special Correspondent exclusively said that India is the largest beneficiary of AIIB and the bank has so far approved 29 projects for India worth 6.8 billion USD. <br />''<br />''He said another 27 projects worth 5 billion USD are in pipeline for India including Haryana Orbital Railway project which will be a circular railway to national capital Delhi, multi corridor transport project in Mumbai and digital education project in Gujarat. He further informed that AIIB will soon approve a 500 million USD project for COVID-19 vaccination in India.<br />''<br />''Dr. Pandian hailed the leadership of Prime Minister Narendra Modi for India's infrastructure push.<br />''<br />''The Chennai Metropolitan Area project will cover the core urban services, including water resource management, water supply and sewerage, urban mobility, solid waste management, and public health. It looks at operationalising CUMTA to coordinate diff modes of transport. 

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