The Government signed a loan agreement with Japan International Cooperation Agency (JICA) for pollution abatement of River Mula-Mutha under National River Conservation Plan (NRCP) in the presence of Minister of State (Independent Charge) of Environment, Forest and Climate Change, Shri Prakash Javadekar.
Loan amount : Loan of 19.064 billion Yen (about Rs. 1000 crore) at an interest rate of 0.30% per annum.
Highlights :
- The loan assistance for the project has been approved by the Union Finance Ministry at an estimated cost of Rs. 990.26 crore. The project cost will be shared between Government of India and Pune Municipal Corporation (PMC) in the ratio of85:15 respectively. The project is scheduled to be completed by January, 2022.
- The major components proposed under the project include construction of 11 new Sewage Treatment Plants (STPs), laying of 113.6 kms of sewer linesand renovation/rehabilitation of 4 existing intermediate pumping stations.
Key points :
- Japan Capital : Tokyo
- Japan Currency : Yen
- Japan PM : Shinzō Abe
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