Asian Development Bank Makes $400 Million Water Loan to Kolkata
The Asian Development Bank has agreed to loan the growing Indian city of Kolkata $400 million to expand and modernize its water and sanitation systems.
India’s seventh-largest city “is struggling to provide decent basic services to all its residents,” said Fei Yue, director of the ADB’s South Asia Urban Development and Water Division. The disparities will worsen “if we don’t improve the systems now,” the executive said today in a statement.
The Manila-based lender said about 300 million liters (79 million gallons) of water are lost every day along city suppliers’ 5,700 kilometer (3,540-mile) network.
To contact the reporter on this story: Randall Hackley in London at firstname.lastname@example.org
To contact the editor responsible for this story: Randall Hackley at email@example.com