Articles tagged under: ADB

ADB approves USD 23 million loan for Fintech at GIFT City

February 23, 2024
ADB approves USD 23 million loan for Fintech at GIFT City

Gandhinagar: The Asian Development Bank (ADB) has approved a USD 23 million loan to enhance access to quality fintech education, research, and innovation at the Gujarat International Finance Tec-City (GIFT) in Gujarat. DeshGujaratRead More

ADB approves $181 Million loan for development in Ahmedabad’s peri-urban areas

October 17, 2023
ADB approves $181 Million loan for development in Ahmedabad’s peri-urban areas

Ahmedabad: The Asian Development Bank (ADB) announced on Monday that it has sanctioned a $181 million loan to facilitate the creation of high-quality infrastructure and services, aiming to enhance urban living conditions and transportation in the outlying areas of Ahmedabad. The Ahmedabad peri-urban livability improvement project is set to build 166 kilometers of water distribution network, 126 kilometers of climate-resilient stormwater drainage, 300 kilometers of sewerage systems, and four s...Read More

AUDA to implement Rs. 1900 crore gutter, storm water line, STP works

November 06, 2021
AUDA to implement Rs. 1900 crore gutter, storm water line, STP works

Sabarmati: The proposal of a soft loan of Rs 1,900 crores from Asian Development Bank made by Ahmedabad Urban Development Authority (AUDA) for the works of gutter, drinking water, pipelines for disposal of rainwater, and STP plants for cleaning dirty water in small towns in the periphery of Ahmedabad city and the developing areas connected to the city has received approval. The works will be undertaken in the small towns in the periphery of Ahmedabad city such as Mahemdavad, Sanand, Kalol, Da...Read More

Modi wants ADB to take up railway sector, make ‘impact’

February 06, 2015

New Delhi Prime Minister Narendra Modi today invited Asian Development Bank (ADB) to take up India's railway sector as a priority and complete one transformational project which will "create a visible impact". Modi conveyed this to ADB President Takehiko Nakao when the latter called on him here. The Prime Minister urged Nakao that the ADB "should take up the Railways sector in India as a priority and complete one transformational project which will create...Read More

$100m ADB loan for Solar power transmission in Gujarat

February 27, 2012

New Delhi, 27 February, 2012 The Government of India and the Asian Development Bank (ADB) today signed an agreement for a $ 100 million ADB loan to develop a transmission system that will distribute 500 megawatts (MW) of solar power from the Charanka Solar Park in north Gujarat. Using a public private partnership (PPP) model, the project will create job opportunities, improve social services and contribute to poverty reduction locally, an official press release said. ...Read More

ADB to extend $100 million loan to Gujarat for solar power

September 13, 2011

New Delhi, 13 September, 2011 The Asian Development Bank (ADB) will extend USD 100 million (about Rs 475 crore) loan for solar power initiatives in Gujarat. The multilateral lender's board of directors has approved the financing of USD 100 million for Gujarat Solar Power Transmission Project. In a statement on Tuesday, ADB said the funds would be used for a substation, transmission lines and other equipment to collect and distribute solar power generated by plants in the ...Read More