Rs 3,600 Cr from ADB to Redefine Urban Living in 10 TN Cities: 8 Facts to Know!

From solar-powered sewerage to climate-resilient drainage, the first initiatives will come up in Chennai, Coimbatore, Rajapalayam, Trichy, Tirunelveli, and Vellore!

When Chennai went underwater during the devastating floods of November 2015, urban planners and environmentalists had cited encroachment and destruction of water bodies, besides a poor drainage system as factors that heightened the natural disaster.

With funds (both a loan and grant) from the Asian Development Bank to the tune of $500 million (Rs 3,600 crore), Tamil Nadu is looking to develop climate-resilient water supply, revitalise water bodies, and strengthen the drainage network in 10 major cities, including Chennai and Coimbatore.

Additional funds worth $766.4 million (Rs 5,500 crore) for this urban rejuvenation venture will come from the Centre, State government, Chennai Metropolitan Water Supply and Sewerage Board, besides a whole host of other urban local bodies.

Here are eight things you should know about this venture:

1) This venture is expected to benefit four million people directly. Additionally, they can also look forward to avail the incidental positives that emerge from such an undertaking.

2) Funds from the ADB will be primarily spent on “areas adjoining industrial clusters of the target cities” says this Times of India report.

 

Source : https://www.thebetterindia.com/160564/tamil-nadu-asian-development-bank-urban-news/

Smart Grid Bulletin September 2018


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