Banking Frontiers

Govt of India, ADB sign $181 million loan to improve urban livability


The Government of India and the Asian Developmen­t Bank (ADB) have signed a $181 million loan to build quality infrastruc­ture and services toward improving urban livability and mobility in the peri-urban areas of Ahmedabad city in Gujarat.

The loan agreement for the Ahmedabad Peri-urban Livability Improvemen­t Project was signed by Juhi Mukherjee, Joint Secretary, Department of Economic Affairs, Ministry of Finance for the Government of India, and Rajesh Vasudevan, Officer-in-Charge of ADB’s India Resident Mission, for ADB.

The project aims to make peri-urban areas of Ahmedabad livable, environmen­tally sustainabl­e, and efficient with robust physical andsocial infrastruc­ture, a vibrant economy, and a distinct identity as a preferred investment destinatio­n.

The project will benefit urban poor, women, and migrant workers through improved urban services and urban governance. It will construct 166 km of water distributi­on network, 126 km of climateres­ilient stormwater drainage, 300 km of sewerage systems, and four sewage treatment plants. The project is also supporting 10 junction improvemen­ts along the existing Sardar Patel Ring Road to improve connectivi­ty of peri-urban areas to Ahmedabad city.

ADB will help strengthen the capacity of the Ahmedabad Urban Developmen­t Authority and urban local bodies in technology­based urban planning, including climate change and disasterre­silient infrastruc­ture that promote environmen­tal and social safeguards, gender equality and social inclusion. The project will support land developmen­t plans and town planning schemes integratin­g these elements that can be replicated by other states to enhance more planned urban developmen­t and densificat­ion through agglomerat­ion.

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