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Tag: Tamil Nadu Urban Development Fund.

India Takes $ 4oo Million Loan From World Bank For Jaylalittha Ruled TN

[New Delhi]India Takes $ 4oo Million Loan From World Bank For Jaylalittha Ruled Southern State Tamil Nadu
India Signed Legal Agreement with the World Bank for IBRD Loan of US$ 4oo Million for Tamilnadu Sustainable Urban Development Project
The Loan and Project Agreements for World Bank (IBRD) assistance of US$ 400 million for Tamil Nadu Sustainable Urban Development Project were signed between the Government of India/ Government of Tamil Nadu and World Bank yesterday.
The Loan Agreement was signed by Shri Raj Kumar, Joint Secretary, Department of Economic Affairs, Ministry of Finance on behalf of Government of lndia and Mr. Onno Ruhl, Country Director, World Bank (lndia) on behalf of the World Bank. The Project Agreements were signed by Shri Praveen P. Nair, Deputy Secretary, Municipal Administration and Water Supply Department, Govt. of Tamil Nadu on behalf of the State Government and Smt. Anita Praveen, Principal Secretary/ Chairperson and Managing Director, Tamil Nadu Urban Infrastructure Financing Services Ltd. (TNUIFSL) on behalf of TNUIFSL and Tamil Nadu Urban Development Fund. Mr.Onno Ruhl signed both Project Agreements on behalf of the World Bank.
The total project size is US$ 600 million, out of which World Bank support is US$ 400 million.