€100 million German aid for RKI
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12-year loan at reduced interest
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12-year loan at reduced interest
Kerala has received €100 million as ‘policy loan’ and another €2 million as ‘grant’ as the second tranche of financial aid being extended by Germany for the Rebuild Resilient Kerala Initiative (RKI) through the German Development Bank KfW.
The agreement for the policy loan and grant was signed in New Delhi on Tuesday by Additional Secretary, BC & FSDC, Union Ministry of Finance, C.S. Mohaptra and Office Director, KfW, New Delhi, Christoph Kessler.
Like the first tranche of the €170-million financial support extended by Germany, the aid will reach the State budget through KfW on the basis of the pact signed between India and Germany.
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Pact for German aid for Rebuild Kerala to be signed today
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Second tranche of funds to be made available through German Development Bank KfW
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Second tranche of funds to be made available through German Development Bank KfW
Agreement will be signed on Friday for the second tranche of financial aid being extended by Germany to the Rebuild Resilient Kerala Initiative (RKI) through the German Development Bank KfW.
Official sources said that like the first tranche of the €170 million financial support extended by Germany in two phases, the aid would reach the State through the KfW on the basis of an agreement to be signed between India and Germany in New Delhi.
Pipe laying work begins at Nemmeli desalination plant
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The network will supply water to areas till Pallavaram
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On a deadline: Pipe laying work in progress along East Coast Road on Thursday.
| Photo Credit: B. Velankanni Raj
The network will supply water to areas till Pallavaram
Earlier this week, Metrowater started laying a 49 km-pipeline to carry water from the under construction desalination plant in Nemmeli to various areas till Pallavaram. Like many others, the pandemic has affected the progress of the project to build a third plant in Nemmeli. The ₹1,259.38 crore project to build another desalination plant along East Coast Road may get delayed by a few months beyond its December 2021 deadline.