DelhiScoop.com
HOME | TOURISM | INFO TECH | NEWS | REAL ESTATE | HEALTH | INFRASTRUCTURE | EDUCATION | CONTACT US - SANJAY @ 98 119 87371

ADB (Asian Development Bank) to lend $80 mn more to clean up Kolkata


By Dr arvind, Section Development
Posted on Fri Dec 15, 2006 at 03:26:30 AM EST

The Asian Development Bank (ADB) will lend an additional $80 million for a project to improve sanitation and urban facilities in Kolkata by June 2010.

The Asian Development Bank (ADB) will lend an additional $80 million for a project to improve sanitation and urban facilities in Kolkata by June 2010.

The environment improvement work to be carried out includes sewerage and drainage for more than two million people, solid waste management for five million, enhanced urban services for 200,000 slum dwellers, and flood protection, the Manila-based agency said in a statement Friday.

Only half of the West Bengal capital's 4.58 million people have a sewer connection - a figure that drops to only 17 percent in the city's outer areas, which generally have access to fewer and lower quality basic urban services.

The scope of the project has undergone several changes since 2000, with the inclusion of a new borough, a rise in the number of affected persons to be resettled, higher compensation, and changes in canal improvement works.

In addition, costs of goods and services have risen significantly.

Revised costs for the project are now more than $400 million, of which ADB is funding $257.8 million (including the supplementary loan).

The West Bengal government and Kolkata Municipal Corporation (KMC) will cover the rest of the cost. The loan is spread over 19 years.

The extra funds will finance basic urban services in the city's deprived outer areas, promote community involvement and support the KMC, the multilateral agency has stated.

'Despite initial implementation delay, the last 18 months have seen the project gain considerable momentum and stronger project management,' said Keiichi Tamaki, an ADB senior urban development specialist.

'There is clear sign the project's revised targets can be fulfilled. The $80 million is needed to fill a now sizable gap in the finances and to make sure that the work is carried out in an integrated manner over the entire project area.'

< 'Only 8 p.c. universities are top class' | IT hub out of reach for willing workers >
Display: Sort:
Display: Sort:
Win A Jeans Twice a Week
&
Win A Kurta 7 Days A Week
MEMBERS AREA

Make a new account

Username:
Password:
 ACTION CENTER

Internet Services

Who's Online? (7)

. Unregistered Visitors (7)

Note: You may cloak yourself from appearing here in your Display Preferences.

Site Stats

No Access

Recent Comments

. GOOD ATTEMPT (khurshid anwar)

. Private investment is must for countries growth (khurshid anwar)

. comment (syeedunsyd)

. comment (syeedunsyd)

. Gift Tax (Mrs Gupta)

. DTDC (tanay253)

Recent Member Diaries


More Diaries...

Front Page

Friday November 28th
. 'RadioCabs.in.' first portal where you can get any types of information related to Radio cabs (0 comments)

Thursday November 27th
. SEZ Applications To Go Online'www.sezindia.nic.in', Help The Developers To Apply In Tax Free Zones (0 comments)

Wednesday November 26th
. Govt To Set Up Land Bank To Woo IT Majors, Aime To Avoiding A Repeat Of The Land Crisis (0 comments)
. Ambani Institute Bill Passed After Debate (0 comments)
. A Flyover, A Railway Overbridge And A Service Road Are Part Of Rs 400cr Plan To Decongest Bypass (0 comments)
. Kolkata Metro To Get 7-km Extension with Dumdum To Dakhineshwar (0 comments)
. Railways plans ticketing system that doesn't trip on power (0 comments)

Tuesday November 25th
. Global Meltdown Cast A Shadow Over The State's First FDI Venture In Real Estate (0 comments)
. 26th North Bengal Book Fair To Begin On Wednesday At Kanchenjungha Mela Ground (0 comments)
. Bengal Engineering and Science University (Besu) Classes Next Week (0 comments)
. Makeover Drive On North Calcutta Streets, Starting With The Shyambazar Five-Point Crossing (0 comments)
. City Set To Get Its First Badminton Academy By January (0 comments)
. On the Net, confidential information is monitored everyday. how much of a factor is privacy? (0 comments)

Monday November 24th
. Reserve Bank of India (RBI) Told To Push Core Status For Special Economic Zones (SEZs) (0 comments)
. Home Buyers Worry About Job Security In The Current Economic Scenario, Say Experts (0 comments)
. Reduce Property Prices and Lower interest rates must for revival: DLF (0 comments)
. India's First Monorail To Come Up In Kolkata, Will Commence In March 09 and Take 2 Years To Complete (0 comments)
. National School of Drama (NSD) To Set Up Centre In Kolkata (0 comments)

Sunday November 23rd
. Govt Kicks Off Hiring Young Professionals For C'wealth Games To Meet The Manpower Needs of Games (0 comments)
. Future Puts Hotel Plans On hold As Lehman Falls (0 comments)
. No Fall In Kolkata Realty Prices, NAREDCO And CREDAI Reject The Reducing Prices To Boost Demand (0 comments)
. Bengal Govt Set To Miss Third Deadline For IT Park Land (0 comments)

Saturday November 22nd
. Recession Hits Rajarhat Construction Projects, Ambuja Realty Also Delay Works In Its Haldia Projects (0 comments)
. Bengal To Focus On Developing Small, Medium Towns To Benefit More People With Urban Life Style (0 comments)
. Cultural Icons Plan Bengal Heritage Hub (0 comments)

Older Stories...


All trademarks and copyrights on this page are owned by their respective companies. Comments are owned by the Poster. The Rest (c) GurgaonSCOOP.com and QBTPL.
submit story | create account | faq | search