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Climate Resilient Urban Development Program
December 28 , 2023
204 days
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- The World Bank’s Board of Executive Directors has approved the $300 million Tamil Nadu Climate Resilient Urban Development Program.
- It will provide around 2 million people with more and better access to water and sewerage services in cities.
- It will help 21 Urban Local Bodies (ULBs) update their delivery systems and provide quality and efficient water supply and sewerage services to consumers.
- IBRD will use the blended financing instrument of Program-for-Results (PforR) with Investment Project Financing (IPF) to link disbursement of funds directly to the achievement of results while providing technical assistance.
- The Program loan has a maturity of 32 years with a grace period of 7 years.
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