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India Signs Legal Agreement with the World Bank for IBRD Loan of US 4oo Million for Tamilnadu Sustainable Urban Development Project

Dated:- 4-6-2015 - The Loan and Project Agreements for World Bank (IBRD) assistance of US$ 400 million for Tamil Nadu Sustainable Urban Development Project were signed between the Government of India/ Government of Tamil Nadu and World Bank here yesterday. The Loan Agreement was signed by Shri Raj Kumar, Joint Secretary, Department of Economic Affairs, Ministry of Finance on behalf of Government of lndia and Mr. Onno Ruhl, Country Director, World Bank (lndia) on behalf of the World Bank. The Pro .....

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urban services in participating Urban Local Bodies (ULBs) in a financially sustainable manner and to pilot improved urban management practices in selected cities. The total project size is US$ 600 million, out of which World Bank support is US$ 400 million. The project consists of following three main components: Investment in Urban Services. The project will support improvement in range of urban services, including water, sewerage, municipal solid waste, urban transportation, sewerage managem .....

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