Jodhpur water supply project gets Rs 630 French loan

The Rajasthan governemnt will receive Rs 630 crore as loan from French Development Agency (AFD) for Jodhpur water supply project, which is estimated to cost Rs 740 crore. The project aims to augment and extend the present system for meeting the water demand of Jodhpur city till 2029.

An MoU regarding this was signed yesterday.

AFD has sanctioned a soft loan of Rs 440 crore against the total cost of Rs 550 crore for the first phase of ' Re-Organization of Urban Water Supply Project for Jodhpur City.' The loan is sanctioned on a floating rate of interest as '6-monthly euribore' flat, which is currently 1.425% per annum and the principal sum is to be repaid in a duration of 15 years after the execution period of 5 years.

In-principle approval has also been given for the second phase of the project for which Rs 190 crore loan will be given. Under the project, water would flow with gravity and high technique pumping stations would help in saving electricity. Regular water supply would be ascertained in Mandor, Mahamandir and Pavta areas which face drinking water problem. The settlements being developed on Nagaur Road, Jaipur Road and Pali Road would also get regular and systematic drinking water supply.