World Bank & AIIB approve loan worth USD 300 million for canal-based drinking water projects in Punjab

Current GK ( Master) International Funding institutions

The World Bank and Asian Infrastructure Investment Bank (AIIB) have approved loan worth USD 300 million (about Rs 2,190 crore) for canal-based drinking water projects in Punjab.
The project will ensure quality drinking water and minimise water losses for Amritsar and Ludhiana.
From the total project cost IBRD (World Bank) will co-finance USD 105 million, Asian Infrastructure Investment Bank will finance USD 105 million and the rest amount of USD 90 million will be financed by Punjab government.