AIIB approves USD 150 million loan for implementation of Sustainable Urban services program for Chennai Metropolitan Area

AIIB approves USD 150 million loan for implementation of Sustainable Urban services program for Chennai Metropolitan Area

AIIB approves USD 150 million loan for implementation of Sustainable Urban services program for Chennai Metropolitan Area

  • The Asian Infrastructure Investment Bank (AIIB) has approved USD 150 million loan for the Government of India for the implementation of the Sustainable Urban services program for Chennai Metropolitan Area (CMA).
  • The CMA project will cover the core urban services, including water resource management, water supply and sewerage, urban mobility, solid waste management, and public health.
  • India is the largest beneficiary of AIIB receiving loan of around USD 6.8 billion for 29 projects.

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