ADB approves loan worth Rs 8.33 billion for the Jharkhand urban water supply improvement project

The Asian Development Bank (ADB) has approved a loan worth Rs 8.33 billion for the implementation of the Jharkhand urban water supply improvement project. About 70 per cent of the total project cost, that is, Rs 8.33 billion will be provided by ADB through a loan and 30 per cent, that is, Rs 3.57 billion, will be borne by the state government. The project is being implemented by Jharkhand Urban Infrastructure Development Company Limited and involves providing water supply to households in Ranchi, Medininagar (Daltonganj), Jhumritilaiya and Hussainabad city in Jharkhand, by developing a 970 km water distribution network and four water treatment plants, with a combined capacity of 275 mld. Phase I will be implemented at an estimated cost of Rs 11.9 billion. The project is expected to be completed by 2028.