India, World Bank ink US$ 100 million loan agreement for Karnataka Urban Water Supply Modernization
India and World Bank have signed the Loan and Project Agreements for World Bank (IBRD) assistance of US 100 million dollars for Karnataka Urban Water Supply Modernization project.
Objective of the project: (i) Provide city-wide access to a continuous piped water supply in the eligible cities in Karnataka. (ii) Strengthen the service delivery arrangements at the city level. KUIDFC is the nodal implementing agency for the project.
The project has four broad components: (i) Capital Investment Program (ii) Technical Assistance for Sector Development (iii) Institution Building and (iv) Project Management.
- The project will be implemented initially in the twin cities of Hubballi-Dharwad over a period of six years, and other eligible cities will join the project later.
- Under it, Hubballi Dharwad Municipal Corporation has hired a professional water supply operating company for improving the water supply system.
- The municipality will retain its ownership over the water supply assets and shall also control of the service delivery set up.
Categories: Business, Economy & Banking