Asian Surveying & Mapping
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May 11th, 2011
$56.9m ADB Loan to Tackle Assam Floods

The Asian Development Bank (ADB) and the Government of India today signed the agreement for the first tranche loan of $56.9 million under the $120 million Assam Integrated Flood and Riverbank Erosion Risk Management Investment Programme. The ambitious project would help to mitigate the disruption to life and livelihoods and the huge economic losses that are caused by floods in the Brahmaputra river. The MoA was signed by Joint Secretary (Multilateral Institutions), Department of Economic Affairs, Ministry of Finance, Venu Rajamony, on behalf of the Government of India, ADB Country Director for India, Hun Kim, and Chief Executive Officer, Assam Integrated Flood and Riverbank Erosion Risk Management Agency and Commissioner, RS Prasad, signed on behalf of the Assam Government. Read More