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India, ADB sign 100 Million US dollar loan agreement for Cauvery Delta project in Tamil Nadu

The Union Government and the Asian Development Bank (ADB) on 14 July 2016 signed a 100 million US dollars loan agreement to strengthen key irrigation and drainage system and improve water management in the Vennar sub-basin of the Cauvery delta in Tamil Nadu.
•    The financing will be used to strengthen embankments of six major irrigation water channels in the Vennar system and rehabilitate 13 irrigation pumping schemes. 
•    The project aims to improve existing infrastructure and will provide flood protection and renewed access to irrigation.
•    Flood forecasting and warning systems will be installed and a flood risks map drawn up to help communities respond more effectively to extreme events.
•    The Water Resources Department of the State of Tamil Nadu is responsible for implementing the project.
•    The loan from ADB’s ordinary capital resources has a 25-year term.
•    The project is expected to be completed by December 2020.

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