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Which lending agency has approved $150 million loan for 'Chennai City Partnership: Sustainable Urban Services Program' to make Chennai a world-class city?
A)
ADB
B)
AIIB
C)
World Bank
D)
New Development Bank

Correct Answer : Option (C) - World Bank


The World Bank on Friday(01-10-2021) said its board of executive directors has approved a $150 million (about Rs 1,112 crore)program to support Tamil Nadu's vision of making Chennai into a world-class city that is more green, livable, and resilient to climate change.
 
Besides, the World Bank has given its nod to a $40 million (around Rs 296 crore) project which will improve the quality of health services in Meghalaya and strengthen the state's capacity to handle health emergencies, including the COVID-19 pandemic.
 
The $150 million 'Chennai City Partnership: Sustainable Urban Services Program' will help strengthen institutions, improve the financial health of service agencies, and drive significant improvements in the quality of four key urban services -- water supply and sewerage, mobility, health, and solid waste management, the World Bank said in a statement.
 
Chennai Metropolitan Area, home to about 10.9 million people, is India's fourth most populous metropolitan area.

Published On : October 4, 2021
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