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ADB to offer loans worth $132m to Bihar, $120m to Assam Read more: ADB to offer loan

Discussion in 'National Politics' started by JANA, Oct 20, 2010.

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  1. JANA

    JANA 2nd Lieutant FULL MEMBER

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    NEW DELHI: The Asian Development Bank will provide USD 132 million (over Rs 585 crore) for upgrading electricity system in Bihar and a loan package of USD 120 million (about Rs 532 crore) to Assam towards efforts to combat flooding and erosion.

    The loans, which were announced on Wednesday, have been approved by ADB's board of directors.

    In a statement, ADB said it would give USD 132 million for the Bihar power system improvement project, to upgrade electricity system.

    "The funds will be used to install new transmission lines and to renovate and modernise transmission and distribution facilities to improve the quality and reliability of the state's electricity supply network," the statement said.

    The Manila-based lender would also be extending a technical assistance grant of USD 300,000 to improve project and financial management in the Bihar State Electricity Board.

    ADB in a separate statement said it would be giving a loan package of up to USD 120 million to Assam as assistance in combating flooding and erosion.

    The loan would be provided for the Assam Integrated Flood and Riverbank Erosion Risk Management Investment Programme, that include both infrastructure improvements and non-physical measures.

    "The programme will focus on improving protection for communities in three sub-project areas covering 90 kilometers along the Brahmaputra river...," it noted.

    There would also be a linked technical assistance grant of USD 600,000 from UK's Department for International Development, administered by ADB.

    These funds would be used to build up the capacity of those engaged in preparing and implementing community-based flood risk management programmes.

    Read more: ADB to offer loans worth $132m to Bihar, $120m to Assam - The Times of India ADB to offer loans worth $132m to Bihar, $120m to Assam - The Times of India
     
  2. prototype

    prototype Major SENIOR MEMBER

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    What about Arunachal,did we get the loan
     
  3. Zaki

    Zaki FULL MEMBER

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    Milay ga - sab ko milay ga :rofl:

    ADB is here......... sab ko de ga woh

    PS: Pehle Loan...... phir danda :rofl:
     
  4. Patrician

    Patrician Lieutenant SENIOR MEMBER

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    ^^ Langar baant rahe hain kya?
     
  5. Guynextdoor

    Guynextdoor Lt. Colonel SENIOR MEMBER

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    So what's new? ADB is a developmental bank. They're lucky they can still give out loans to India. Last I heard the world bank is in the fits of manic depression coz lending to India and China might start to slip soon (has already started to slip). They're now sending all their PR men to India to persuade policy makers that borrowing from World Bank is more preferable to borrowing from other sources.
     
  6. DaRk KnIght

    DaRk KnIght Lt. Colonel ELITE MEMBER

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    Aaapko kitne dande mil chuke hai?? :rofl: :rofl:
     
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  7. Guynextdoor

    Guynextdoor Lt. Colonel SENIOR MEMBER

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    ^^^ I'm telling you...best time to borrow. Their list of credible lenders is under pressure for world bank coz India, China, Brazil etc. are depending more on domestic (Tax, Disinvestment etc.) to raise funds. PLus every two years when they go out to raise capital, they're getting lesser and lesser to show for. Ideal strategy- negotiate and break their backs to secure funding for long term development work. Use the other cash for high priority large cash requirement project.

    Look at how things stand- 70,000 Cr from telecom lisence (thanks to telecom liberalization that left opposed...:), 100,000 crores already in kitty for road construction through the cess. Plus several other sources of funding like coal India disinvestment next week (40,000 cr- also opposed by left), the pressures on existing resources will be very small and we'll be able to negotiate real hard with the World Bank guys- nows the time to break their backs.
     
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