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Centre-ADB inks $251-mn disaster resilient infra pact

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Centre-ADB inks 1-mn disaster resilient infra pact

The center signed a US$251 million loan agreement with the Asian Development Bank (ADB) on Thursday for climate adaptation, integrated urban flood protection, and management in the Chennai-Cosstalair Basin.

It is expected that the project intervention measures will reduce the vulnerability of residents in the Chennai-Cossa Staraiar basin to frequent floods, which have damaged property and livelihoods in recent years. In addition, building disaster-resistant infrastructure will help communities cope with increased rainfall, sea level rise and storm surges caused by hurricanes, and protect lives, the economy, and the environment.

“The project will build flood control infrastructure and strengthen the capacity of the Greater Chennai Company and the community to better prepare and plan to transform Chennai into a more livable city,” said Konishi Konishi, Country Director, ADB India Resident Representative Office Takeo said.

“The innovative design and intervention measures for climate-adaptive flood management promoted by this project, as well as comprehensive urban planning and strengthening of municipal resource mobilization, can be widely applied to other Indian cities that are vulnerable to climate and disaster risks.” Recently, Chennai’s rapid urbanization has eroded the city’s natural landscape, reduced water storage capacity, and made the city vulnerable to large-scale floods.

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Construction Infrastructure

The Adani Enterprises unit has received a letter of approval for an NH project in Maharashtra

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The Adani Enterprises unit has received a letter of approval for an NH project in Maharashtra

Adani Road Transport Ltd (ARTL), a wholly owned subsidiary of Adani Enterprises, has received LoA for a project involving six laning of Kagal-Satara section of NH-48 (old NH4) in Maharashtra. The project will be executed under the Bharatmala Pariyojana at ₹2,008.47 crores. The construction period for the 67-km long road project is expected to be 2 years from the date of appointment and the concession period will be 18 years.

With this project award, Adani’s road portfolio will have total 14 projects with more than 5,000 lane km with asset value exceeding ₹41,000 crore spread across India.

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