India, ADB sign USD 251 million loan agreement for integrated urban flood management in Chennai | Daily Current Affairs Dose

India, ADB sign USD 251 million loan agreement for integrated urban flood management in Chennai | Daily Current Affairs Dose

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India, ADB sign USD 251 million loan agreement for integrated urban flood management in Chennai | Daily Current Affairs Dose

The Government of India and the Asian Development Bank (ADB) signed a $251 million loan agreement for climate-resilient, integrated urban flood protection and management in the Chennai-Kosasthalaiyar basin to strengthen the resilience of Chennai city to floods.

Read Also: India, ADB sign USD 100 million loan agreement for agribusiness development in Maharashtra | Daily Current Affairs Dose

The Agreement Signed by

Rajat Kumar Mishra, Additional Secretary, Department of Economic Affairs in the Ministry of Finance signed for the Government of India the agreement for the Integrated Urban Flood Management for the Chennai-Kosasthalaiyar River Basin Project, while Shri Takeo Konishi, Country Director of ADB’s India Resident Mission signed for ADB.

Read Also: India, ADB sign USD 4.5 million loan agreement to support urban mobility in Mizoram | Daily Current Affairs Dose

Key Highlights

The loan agreement will build flood protection infrastructure as well as strengthen capacity of the Greater Chennai Corporation and communities for better preparedness planning to transform Chennai into a more livable city.

Chennai’s rapid urbanization has encroached on the city’s natural landscape, reducing water retention capacity which makes the city vulnerable to widespread flooding. The project will establish climate-resilient urban flood protection infrastructure. 

It will construct 588 kilometers (km) of new stormwater drains, rehabilitate or replace 175 km of stormwater drains, improve 11 km stretches in the Ambattur, Ariyallur, Kadappakkam, and Korattur channels to enhance water-carrying capacity, and upgrade a stormwater pumping station and construct a new one. It will also construct 23,000 catchpits in roadside drains to recharge the groundwater aquifer and rehabilitate four disaster relief camps.

Important facts for upcoming exams from the above Current Affairs Topic

• Statehood Day of Tamil Nadu: 26 January 1950
• Capital City of Tamil Nadu: Chennai
• Largest City of Tamil Nadu: Chennai
• Total Districts in Tamil Nadu: 38
• Governor of Tamil Nadu: R. N. Ravi
• Chief Minister of Tamil Nadu: M. K. Stalin (DMK)
• Total Assembly Constituencies in Tamil Nadu: Unicameral (234 seats)
• Parliamentary constituency in Tamil Nadu: Lok Sabha (39 seats) and Rajya Sabha (18 seats)
• High Court of Tamil Nadu: Madras High Court
• Official Language of Tamil Nadu: Tamil
• Additional Official Language of Tamil Nadu: English
• Literacy rate in Tamil Nadu (2017): 82.9%
• Sex ratio in Tamil Nadu (2019): 996 ♀/1000 ♂