Govt of India, Uttarakhand & World Bank signs loan agreement for USD 120 million

LoanBy Accommodation Times Bureau

NEW DELHI

The Government of India (GoI), the Government of Uttarakhand and the World Bank Board has signed a $120 million Loan Agreement on Monday in New Delhi, which will help increase access to improved water supply services in peri-urban areas in the State of Uttarakhand.

The $120 million loan from the International Bank for Reconstruction and Development (IBRD), has a 5-year grace period, and a maturity of 17 years, the release said.

The Agreement for the project was signed by Sameer Kumar Khare, Joint Secretary, Department of Economic Affairs, Ministry of Finance, on behalf of the Government of India; Mr. Arvind Singh Hyanki, Secretary, Department of Drinking Water and Sanitation, on behalf of the Government of Uttarakhand; and Mr. Hisham Abdo, Acting Country Director, World Bank, India on behalf of the World Bank.





Similar Articles

Leave a Reply

Top