On 29th November 2021, Asian Development Bank(ADB) approved a loan for Water Supply and Sanitation in Uttarakhand, India. What was the amount of loan sanctioned by the Asian Development Bank(ADB)?
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RBI Grade B (28 May 2022)
$75 Million
Incorrect Answer$ 100 Million
Incorrect Answer$ 125 Million
Correct Answer$150 Million
Incorrect Answer$200 Million
Incorrect AnswerExplanation:
Correct option 3: $ 125 Million
On 29th November 2021, the Asian Development Bank (ADB) approved a loan of USD 125 million for the Uttarakhand Integrated and Resilient Urban Development Project. This initiative aims to enhance access to quality water supply and sanitation services in the state, particularly benefiting urban poor and vulnerable groups. The project encompasses the construction of 136 kilometers of water pipelines to replace defective networks in South Dehradun, establishment of sewage treatment plants, and the development of 256 km of underground sewer networks and 117 km of stormwater drainage systems. Additionally, about 17,410 households in Dehradun will be connected to the new sewerage system, and water meters will be installed in approximately 5,400 households to promote efficient water use and consumption billing.
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By: Parvesh Mehta