Tamil Nadu Current Affairs

India, ADB sign $100 Million Loan pact on Cauvery basin development

India and the Asian Development Bank (ADB) have signed a 100 million dollars loan agreement for irrigation projects, drainage system and water management in Vennar sub-basin of Cauvery delta in Tamil Nadu.

The project seeks to improve water management and strengthen embankments of 6 major irrigation water channels in Vennar system.

Cauvery river basin is a critical source of water for agriculture in Tamil Nadu and neighbouring states. The vast majority of the delta’s population is engaged in farming and fishing.

Earlier due to lack of investment the left irrigation system was unable to meet user demand and increasingly vulnerable to floods and droughts.

Key Facts

  • The project aims to improve existing infrastructure and also provide flood protection and renewed access to irrigation.
  • The loan funds will support Tamil Nadu’s water resources professionals to manage resources better, and with greater involvement of the stakeholders they service.
  • Under it, flood forecasting and warning systems will be also installed. A flood risks map will be also drawn to help communities respond more effectively to extreme events.
  • The loan will be provided from ADB’s ordinary capital resources which has a 25-year term. The project is expected to be completed by December 2020.

About Asian Development Bank (ADB)

ADB is multilateral lending agency based in Manila, Philippines. It is dedicated to reduce poverty in Asia and the Pacific region through inclusive economic growth, environmentally sustainable growth, and regional integration. It is collectively owned by 67 members – 48 from the region including India.

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Union Cabinet approves setting up a Major port at Enayam near Colachel in Tamil Nadu

The Union Cabinet has given its in-principle approval for setting up a Major port at Enayam near Colachel in Tamil Nadu. On completion the port will become country’s 13th major port.

The Enayam Major Port project seeks to make India a trans-shipment hub for the global East-West maritime trade route.

Enayam Major Port project

  • For development of this port, a Special Purpose Vehicle (SPV) will be formed with initial equity investment from the three Major Ports in Tamil Nadu.
  • They are V.O.Chidambaranar Port Trust, Kamarajar Port Limited and Chennai Port Trust.
  • The SPV will develop the port infrastructure including construction of breakwater, dredging and reclamation, ensuring connectivity links etc.

Key Facts

  • Major port at Enayam will act as a major gateway container port for Indian cargo that is presently trans-shipped outside the country.
  • It will help to reduce the logistics cost for exporters/importers in South India who currently depend on trans-shipment other foreign ports, incurring additional port handling charges.
  • The Enayam port has a natural deep draught of about 20 metres which makes it feasible for larger vessels.
  • It has 10 million TEUs (twenty foot equivalent units) capacity and later can be expanded to 18 million TEUs.

Background

  • At present, there are only a few ports in India that have sufficient draft and can match global cargo handling efficiencies.
  • Currently, around 78% of the marine traffic from the east coast ports of India is trans-shipped to Colombo, Singapore and Klang (Malaysia).
  • The traffic is transhipped form India as there are only a few ports in south India that have a draught to match global cargo handling efficiencies and function as a trans-shipment hub.
  • Due to this diversion, Indian port industry is losing out up to 1,500 Crores Rupees of revenues each year.

Note: India has 12 major ports at present. They are Kandla, Mumbai, JNPT, Marmugao, New Managlore, Cochin, Chennai, Ennore, V.O. Chidambarnar, Visakhapatnam, Paradip and Kolkata (including Haldia).

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ADB approves $100 million loan for irrigation system in Tamil Nadu

The multilateral lending agency Asian Development Bank (ADB) has approved 100 million dollars loan to strengthen a key irrigation system and improve water management in the Vennar sub-basin of Cauvery Delta in Tamil Nadu.

The loan funds seeks to

  • Support both physical improvements and stronger water management to give significant boost to the lives of coastal communities who do not have sufficient irrigation water
  • Strengthen the embankments of six major irrigation water channels in Vennar system to make them more resilient to floods.
  • Upgrade water regulators, pump stations and sluices to boost management so that more community members will be tapped to avail water services.

The Cauvery delta is located on the east coast of Tamil Nadu. It is known as the ‘rice bowl’ of the state. Over 70% of the delta population is engaged in farming and fishing. They have unreliable access to water and flooding common during the monsoon season.

About Asian Development Bank (ADB)

  • ADB is based in Manila, Philippines.
  • Established: 1966
  • Members: It is owned by 67 members – 48 from the region including India.
  • It is dedicated to reducing poverty in Asia and the Pacific through inclusive economic growth, environmentally sustainable growth, and regional integration.

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