logo
Govt. nod for ADB-funded drinking water project in Kochi

Govt. nod for ADB-funded drinking water project in Kochi

The Hindu16-05-2025
The State Cabinet has approved the contract for the proposed Asian Development Bank (ADB)-funded Kerala Urban Water Supply Improvement Project in Kochi.
It also decided to issue administrative sanction to include the 190-million litre per day (MLD) water treatment plant in Aluva in the ADB-funded project.
The State government had earlier given administrative approval for the ADB-assisted 24X7 uninterrupted water supply scheme for Thiruvananthapuram and Kochi in 2020. The government had approved an outlay of ₹2,511 crore submitted by the Kerala Water Authority (KWA), the implementing agency, for the project. The ADB loan will constitute 70% (₹1,757.7 crore) of the total amount. The State will chip in with the remaining 30% (₹753.3 crore) as its share.
Later, it was decided to implement the first phase of the project within the Kochi city limits. Two works — renovation of the drinking water distribution network and an expression of interest for selecting a project consultant — had been tendered initially.
The combine of trade unions in the KWA had opposed the project as they feared that it might ultimately result in the privatisation of water distribution system in Kochi.
The project to source 190 MLD water from the Periyar to end drinking water scarcity in and around Kochi was included in the ADB-funded Kerala Urban Water Supply Improvement scheme in Kochi to speed up its implementation.
The 190-MLD project was conceived on 1.57 hectares of KWA-owned land near the agency's water treatment plant in Aluva. The aim was to ensure drinking water supply to areas under the Kochi Corporation, five nearby municipalities, and 13 panchayats. It was mooted since the existing drinking water supply fell short of the domestic and commercial requirements of consumers.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Parliamentary panel urges Centre to fill 10 lakh teaching vacancies in SSA-funded schools
Parliamentary panel urges Centre to fill 10 lakh teaching vacancies in SSA-funded schools

New Indian Express

time26 minutes ago

  • New Indian Express

Parliamentary panel urges Centre to fill 10 lakh teaching vacancies in SSA-funded schools

NEW DELHI: The Parliamentary Standing Committee on Education has called upon the Education Department to fill up the 10 lakh teaching posts lying vacant in the Samagra Shiksha Abhiyan (SSA)-funded schools of various States. Nearly 7.5 lakh posts are found in the elementary and primary levels of these National Education Mission schools. The Committee, chaired by MP Digvijaya Singh, and comprising 31 Lok Sabha MPs and 10 Rajya Sabha MPs, tabled its report in the Lower House on August 8 and submitted it in the Upper House the same day. This is the 368th report of the committee and is on the topic, 'The functioning of National Council for Teacher Education (NCTE) and initiatives taken to support training of teachers in light of NEP 2020's thrust on Capacity Building of Teachers.' There was no improvement in filling up of vacancy positions in these SSA-funded schools of the state Governments despite repeated recommendations by the Committee in its 349th and 363rd Reports to fill them in a time-bound manner, the Committee emphasised. The vacancy situation 'is worsening day by day due to the retirement of teachers and due to the absence of a permanent recruitment policy.' The panel, therefore, recommended to the Education Department 'to take up the matter of vacancies of teachers in SSA-funded schools of the State Governments strongly." The teachers' salary component of SSA funds of those States which do not comply with the directions of the Department to fill up the vacancies should be kept in abeyance till the respective States comply with the directives of the Centre, it added.

After Fitch and S&P, Moody's upgrades Pakistan credit's rating, but flags ‘fragile' external position
After Fitch and S&P, Moody's upgrades Pakistan credit's rating, but flags ‘fragile' external position

Indian Express

time6 hours ago

  • Indian Express

After Fitch and S&P, Moody's upgrades Pakistan credit's rating, but flags ‘fragile' external position

Moody's Ratings on Wednesday upgraded Pakistan's sovereign credit rating to Caa1 from Caa2, with the outlook being changed to stable from positive, on the back of its improving external position that nonetheless remains 'fragile' and supported by multilateral agencies such as the International Monetary Fund (IMF) and the Asian Development Bank (ADB). 'We expect Pakistan to fully meet its external debt obligations for the next few years, contingent on steady progress on reform implementation and timely completion of IMF reviews… Nonetheless, Pakistan's external position remains fragile. Its foreign exchange reserves remain well below what is required to meet its external debt obligations, underscoring the importance of steady progress with the IMF programme to continually unlock financing,' the rating agency said in a statement. While Moody's says 'Caa' ratings are judged to be of 'poor standing', Fitch describes 'B' ratings as 'highly speculative'. S&P, meanwhile, calls 'B' ratings 'speculative grade'. The rating upgrade for Pakistan comes after it met its external debt payments in the fiscal year ended June while increasing its foreign exchange reserves, which stood at $14.3 billion as of July 25, up from $9.4 billion in August 2024. 'Notably, Pakistan successfully completed the first review of the IMF programme on schedule, unlocking a $1 billion disbursement from the IMF in May 2025. It also secured a $1 billion commercial loan in June 2025, with a $500 million policy-based guarantee by the Asian Development Bank,' Moody's said. The rating agency also noted the 28-month arrangement Pakistan had struck with the IMF under its Resilience and Sustainability Facility for about $1.4 billion and a 10-year country partnership framework with the World Bank 'with an indicative financing envelope of $20 billion'. In the aftermath of the Pahalgam terror attack in April, India had questioned the IMF and ADB's continued support of Pakistan. On May 9, even as the IMF approved a $1-billion loan to Pakistan following the first review of its economic reform programme under the so-called Extended Fund Facility (EFF), India abstained from voting at the meeting. India had then voiced concerns over the efficacy of IMF programmes for Pakistan given its 'poor track record' and the possibility that the money could be misused for 'state-sponsored cross-border terrorism'. IMF staff will visit Pakistan in the second half of 2025 for the next EFF review. The 37-month-long programme, approved in September 2024 with a total size of around $7 billion, will see six reviews of the economic progress made by Pakistan. A $800-million programme approved by the ADB to Pakistan in early June saw India raise 'deep concerns' about the possibility of misuse of funds. The programme is to strengthen fiscal sustainability and improve public financial management. A combination of weak growth, high inflation, falling foreign exchange reserves, and poor government finances has weakened Pakistan's economy. In the fiscal year that ended in June, Pakistan's GDP grew 2.7 per cent, well below the government's initial target of 3.6 per cent. Retail inflation, meanwhile, rose to 4.1 per cent in July. As per IMF data, Pakistan's general government debt stood at 70 per cent of GDP in 2024. Like on the external front, Moody's said Wednesday that the Pakistan government's finances had improved from 'very weak levels' due to progress made to raise revenues. And while government debt affordability is improving, it remains 'one of the weakest among our rated sovereigns'. 'Overall, we expect the fiscal deficit to narrow further to 4.5-5 per cent of GDP in FY2026 (FY2025: 5.4 per cent). At the same time, we expect government interest payments to absorb about 40-45 per cent of revenue in FY2026-2027, which is a marked decline from about 60 per cent in FY2024, but remains very high internationally and a key credit constraint,' Moody's said.

Asian Development Bank to help Odisha secure Urban Challenge Fund
Asian Development Bank to help Odisha secure Urban Challenge Fund

New Indian Express

time13 hours ago

  • New Indian Express

Asian Development Bank to help Odisha secure Urban Challenge Fund

BHUBANESWAR: The Asian Development Bank (ADB) will assist the Odisha government in accessing the Centre's Urban Challenge Fund (UCF), created to encourage states to pursue sustainable urbanisation and redevelopment of existing cities. In the Union Budget 2025-26, an allocation of Rs 1 lakh crore for the UCF was announced to support initiatives such as developing cities as growth hubs, creative city redevelopment, and improving water and sanitation facilities to foster sustainable and inclusive urban development across states. According to sources in the Housing and Urban Development (H&UD) Department, an ADB team led by country director Mio Oka recently met principal secretary of the H&UD department Usha Padhee and expressed willingness to assist in securing UCF funds, as well as provide technical assistance and knowledge support for Odisha's evolving urban needs. In the meeting, the strengthening technical collaboration between ADB and the H&UD department in key areas of urban transformation to promote sustainable city growth and enhance liveability in Odisha's urban centres, was also discussed. Both sides stressed the importance of integrated planning, innovative financing, and capacity building to address future urban challenges and improve the quality of life in the state's cities, officials said.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store