ADB Approves $200 Million Loan for Climate-Resilient Sewerage

27 Feb 2025 CW Team

The Asian Development Bank (ADB) has approved a $200 million loan to strengthen climate- and disaster-resilient sewerage and drainage infrastructure in Kolkata, enhancing the city’s livability and sustainability.

This initiative, part of the Kolkata Municipal Corporation (KMC) Sustainability, Hygiene, and Resilience (Sector) Project, aims to improve living conditions, public health, and flood resilience, particularly benefiting vulnerable groups, including women and children.

Addressing Kolkata’s Urban Challenges Kolkata, one of India’s most populous and densely populated cities, faces persistent urban flooding and sanitation issues due to inadequate drainage and sewerage systems. The situation is worsened by climate change, which has led to increased heavy rainfall and waterlogging.

The project will focus on: Expanding Sewerage & Drainage Networks

84 km of trunk and secondary sewerage pipelines 176 km of lateral sewerage pipelines, connecting households 50,000 new household sewer connections 1 sewage treatment plant and 5 pumping stations Enhancing Urban Resilience

Developing an IT-based asset management system for KMC Strengthening property tax revenue collection Expanding the early flood warning system from a previous ADB initiative Raising community awareness on water, sanitation, and hygiene (WASH) Empowering women through skills training and internships

About ADB The Asian Development Bank (ADB) is a leading multilateral institution dedicated to sustainable, inclusive, and resilient growth across Asia and the Pacific. Established in 1966, ADB is owned by 69 members, with 49 from the region. The bank leverages innovative financial tools and partnerships to build quality infrastructure, safeguard the environment, and transform lives.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..