<p>This is the second tranche of a loan amounting to USD 270 million (about Rs 1,224 crore) as investment for the project -- North Karnataka Urban Sector Investment Programme.<br /><br />"The government of India, the state government of Karnataka and the ADB has signed a loan agreement worth USD 123 million for North Karnataka Urban Sector Investment Programme (Tranche 2), here today," the Finance Ministry said in a statement.<br /><br />The first tranche for a loan amount of USD 33 million was signed in January 2008.<br /><br />"Tranche 2 of the programme will assist the participating urban local bodies in rehabilitating existing and constructing new urban infrastructure facilities...," the statement said.<br /><br />The project would involve renovating and constructing sewerage and drainage systems, water supply systems, infrastructure works in slums and community development programmes and construction of non-municipal infrastructure involving construction of fire station & quarters for firemen, district information centres and tourism facilities.<br /><br />"Tranche 2 will also support the institutional reforms for the participating urban local bodies," it said.</p>
<p>This is the second tranche of a loan amounting to USD 270 million (about Rs 1,224 crore) as investment for the project -- North Karnataka Urban Sector Investment Programme.<br /><br />"The government of India, the state government of Karnataka and the ADB has signed a loan agreement worth USD 123 million for North Karnataka Urban Sector Investment Programme (Tranche 2), here today," the Finance Ministry said in a statement.<br /><br />The first tranche for a loan amount of USD 33 million was signed in January 2008.<br /><br />"Tranche 2 of the programme will assist the participating urban local bodies in rehabilitating existing and constructing new urban infrastructure facilities...," the statement said.<br /><br />The project would involve renovating and constructing sewerage and drainage systems, water supply systems, infrastructure works in slums and community development programmes and construction of non-municipal infrastructure involving construction of fire station & quarters for firemen, district information centres and tourism facilities.<br /><br />"Tranche 2 will also support the institutional reforms for the participating urban local bodies," it said.</p>