Asian Development Bank (ADB) Fund for Assam Flood

New Delhi: India and Asian Development Bank (ADB) on Thursday signed a $60 million loan agreement to reduce floods and the riverbank erosion in Assam, the Finance Ministry said. “The Tranche 2 loan is part of the $120 million multi-tranche financing facility for the Assam Integrated Flood and Riverbank Erosion Risk Management Investment Program approved by the ADB Board in October 2010,” a Finance Ministry statement said. (IANS)

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