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World Bank Loan for TN Urban Growth Project
Jun 18, 2015

The Loan and Project Agreements for World Bank (IBRD) assistance of 400 million dollar for Tamil Nadu Sustainable Urban Development Project were signed between the Government of India/Government of Tamil Nadu and World Bank. 

  • The objective of the project is to improve urban services in participating Urban Local Bodies (ULBs) in a financially sustainable manner and to pilot improved urban management practices in selected cities. 

  • The total project cost is 600 million dollar, out of which World Bank support is 400 million dollar. 

The project consists of following three main components: 

1. Investment in Urban Services: The project will support improvement in range of urban services, including water, sewerage, municipal solid waste, urban transportation, sewerage management and storm water drainage. The project also envisages creation of a reserve fund to provide credit enhancements for municipal bonds and other market based Loan instruments issued by ULBs. 

2. Result Based Grants for Urban Governance: The project will provide results-based grants to eligible ULBs to implement new urban-management models that strengthen governance and financial sustainability. 

3. Urban Sector Technical Assistance: The project will support strengthening the capacity of ULBs and urban sector officials.


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