AIIB Extends $400-m loan for Water Supply Project in AP

  • Beijing-headquartered Asian Infrastructure Investment Bank’s (AIIB) has approved a $400-million loan for water sanitation project in the Indian state of Andhra Pradesh.
  • The project aims to provide safe drinking water through an extended piped water supply to ensure access to water and sanitation for all and in turn have a positive impact on women and girls in affected communities.
  • Now the overall exposure of the AIIB to India has become $2 billion spread over nine projects.