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India, ADB sign USD 125 million loan agreement to improve Urban Services in Tamil Nadu

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India, ADB sign USD 125 million loan agreement to improve Urban Services in Tamil Nadu

Dear Aspirants, EducationBro is here with a Daily Current Affairs Dose. In this session, we will make the candidates aware of the daily current affairs topics, which will improve their general awareness, while also taking care that the candidates should not have any shortage of trending current affairs related to any country and abroad. Today’s Current Affairs topic is India, ADB sign USD 125 million loan agreement to improve Urban Services in Tamil Nadu.

Our Daily Current Affairs Dose 2022 will help you to crack the General Awareness section of Banking Insurance SSC Railway UPSC and all government jobs exams.

India, ADB sign USD 125 million loan agreement to improve Urban Services in Tamil Nadu 

India, ADB sign USD 125 million loan MoU: The Government of India and Asian Development Bank (ADB) signed a $125 million loan agreement to develop climate-resilient sewage collection and treatment, and drainage and water supply systems in three cities in the state of Tamil Nadu.

The MoU Signed by

The signatories to the tranche 3 loan for Tamil Nadu Urban Flagship Investment Program were Rajat Kumar Mishra, Additional Secretary, Department of Economic Affairs in the Ministry of Finance who signed for the Government of India, and Hoe Yun Jeong, Officer-in-Charge of ADB’s India Resident Mission who signed for ADB.

India, ADB sign USD 125 million loan Agreement: Key Highlights

The financing is the third and the last tranche of the $500 million multi-tranche financing facility (MFF) for the Program approved by ADB in 2018 to build priority water supply, sewerage, and drainage infrastructure in strategic industrial corridors across 10 cities in the state. The tranche 3 loan covers Coimbatore, Madurai, and Thoothukudi.

The financing will support the development of two sewage treatment plants in Coimbatore with 529 kilometers (km) of sewage collection pipelines, install 14 pump and lift stations and build 14 km of sewage pumping mains. In Thoothukudi, climate-resilient stormwater drainage system will be developed. 

In Madurai, the ADB load MoU project will support the commissioning of 813 km of new water supply distribution pipelines that will connect 163,958 households to 115 newly established district metered area with smart water features to reduce nonrevenue water. In Coimbatore and Madurai, two all-female self-help groups will be trained on the benefits of household connection to sewage collection system, water conservation, sanitation, and health and hygiene.

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 ♂

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