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India and signed how much amount of loan with Asian Development Bank (ADB) for improvement and expansion of water supply in Bihar? [feb 2018]
India and signed how much amount of loan with Asian Development Bank (ADB) for improvement and expansion of water supply in Bihar? [feb 2018]
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Solution
The correct option is A $84 million
The Government of India (GoI) and the Asian Development Bank (ADB) have signed a 84millionloanforimprovementandexpansionofwatersupplyinBhagalpurandGayatownsinBihar.ThisisthesecondtrancheofADBs200 million Multi-tranche Financing Facility (MFF) for Bihar Urban Development Investment Programme, which was approved in 2012. The Project 2 will improve access to better quality and sustainable water supply, for the people of Bhagalpur and Gaya towns. It will also promote better water management practices that will result in a citywide coverage with 24-hour uninterrupted supply of treated water of 135 litres per capita per day in both cities. The loan will have a 25-year term, including a grace period of 5 years, an annual interest rate determined in accordance with ADBs lending facility based on the London Interbank Offered Rate (LIBOR), and a commitment charge of 0.15% per year.
The Government of India (GoI) and the Asian Development Bank (ADB) have signed a 84millionloanforimprovementandexpansionofwatersupplyinBhagalpurandGayatownsinBihar.ThisisthesecondtrancheofADBs200 million Multi-tranche Financing Facility (MFF) for Bihar Urban Development Investment Programme, which was approved in 2012. The Project 2 will improve access to better quality and sustainable water supply, for the people of Bhagalpur and Gaya towns. It will also promote better water management practices that will result in a citywide coverage with 24-hour uninterrupted supply of treated water of 135 litres per capita per day in both cities. The loan will have a 25-year term, including a grace period of 5 years, an annual interest rate determined in accordance with ADBs lending facility based on the London Interbank Offered Rate (LIBOR), and a commitment charge of 0.15% per year.
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