A finance ministry statement has stated that India has on May 24th signed a 100 million loan agreement with multilateral lending agency World Bank for Karnataka Urban Water Supply Modernization project and the project aims to provide access to a continued piped water supply in many cities in Karnataka and to strengthen the service delivery arrangements at the city level.
The project will have four broad components like capital investment program institution building, technical assistance for the sector development and project management and this new project will be implemented over a period of six years and initially in the twin cities of Hubballi-Dharwad.
The agreement will benefit about one million residents of Hubballi-Dharwad which includes estimated 1,60,000 slum dwellers and it was duly signed by the Department of Economic Affairs Joint Secretary Raj Kumar on behalf of India and World Bank’s India acting country director Michael Haney on behalf of World Bank.
