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The government has signed a $500 million (about Rs 4,250 crore) loan agreement with the Asian Development Bank (ADB) to support green and sustainable infrastructure projects in line with the country's climate commitments. Signed by Juhi Mukherjee, Joint Secretary, Department of Economic Affairs, and Mio Oka, Director (India), ADB.
New Delhi. The government has signed a $500 million (about Rs 4,250 crore) loan agreement with the Asian Development Bank (ADB) to support green and sustainable infrastructure projects in line with the country's climate commitments. The Finance Ministry said in a statement on Monday that this ADB loan will be given with guarantee to the government enterprise India Infrastructure Finance Company Limited (IIFCL). The loan agreement was signed by Juhi Mukherjee, Joint Secretary, Department of Economic Affairs, Ministry of Finance, and Mio Oka, Director (India), ADB.
Speaking on the occasion, Oka said, “This financing from ADB will help IIFCL provide long-term capital for infrastructure projects focusing on areas such as urban projects, education and health care along with access and energy transition.” He said ADB has worked closely with IIFCL over the years to develop its operational and risk management capabilities.
Disclaimer: Prabhasakshi has not edited this news. This news has been published from PTI-language feed.
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