Rajasthan gets $500 million loans from ADB for urban services

The Asian Development Bank (ADB) signed two agreements for $500 million loans with the government for the management of urban services in the state of Rajasthan. ADB said $250 million policy loan will be used to help Rajasthan to finance creation of a corporate-style state body to promote urban services development and an independent utility in Jaipur to oversee water and wastewater operations in the state capital. Rest of $250 million project loan will support water system improvements in five cities – Hanumangarh, Jhunjhunu, Pali, Sri Ganganagar, and Tonk – which currently have low piped water coverage and high water losses.

Points to Remember
  • A world heritage site, Jaisalmer fort is in Rajasthan. It is one of the largest fortifications in the world.
  • The 36 km long wall of the Kumbhalgarh Fort in Udaipur is the second largest continuous wall in the world.
  • The first city based on the scientific principles of architecture was the city of Jaipur.
  • The Asian Development Bank (ADB) is a regional development bank established on 22 August 1966 which is headquartered in Metro Manila, Philippines, to facilitate economic development in Asia.
  • From 31 members at its establishment, ADB now has 67 members, of which 48 are from within Asia and the Pacific and 19 outside.
  • Takehiko Nakao elected the ninth president of the Asian Development Bank in 2013.
Test Your Knowledge

Who was the chief architect and city planner of Jaipur city?

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Answer – Purohit Vidhyadhar Bhattacharya

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