AIIB approves USD 150 million loans for implementation of Sustainable Urban services program for Chennai Metropolitan Area

The Asian Infrastructure Investment Bank (AIIB) has approved 150 million USD loan to the Government of India for the implementation of the Sustainable Urban services program for the Chennai Metropolitan Area (CMA). 

AIIB Vice President (Investment Operations), Dr. D.J. Pandian while speaking to Prasar Bharati Special Correspondent exclusively said that India is the largest beneficiary of AIIB and the bank has so far approved 29 projects for India worth 6.8 billion USD. The CMA project will cover the core urban services, including water resource management, water supply and sewerage, urban mobility, solid waste management, and public health.