ADB lends $574 million to support infrastructure projects in India

New Delhi: For supporting various infrastructure projects in India, the Asian Development Bank (ADB) has signed three loan agreements with the government of India, totalling $574 million. This includes a $300 million loan agreement to support lending by India Infrastructure Finance Company Limited (IIFCL), $169 million to develop climate-resilient water supply, sewerage, and drainage infrastructure in at least 10 cities in the State of Tamil Nadu and $105 million loan to Support Hydropower Transmission in Himachal Pradesh.

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