Additional Loan sanctioned for Khalanga-Sitalpati Water Supply and Sanitation Project

Executive Director of Town Development Fund (TDF), Mr. Maniram Singh Mahat and Chairperson of Khalanga-Sitalpati Water Supply and Sanitation User Committee, Mr. Purna Chandra Rai signed the additional loan agreement for the project equivalent to NRs. 6,235,053.00 on 18th December 2017 at office of Town Development Fund, Kathmandu. Previously, TDF had sanctioned NRs. 32,581,415.80 for the project, which was 25% of the total project cost of NRs. 130,325,663.00. Hence, the revised total loan amount sanctioned by TDF for the project is NRs. 38,816,468.80.

 

The project is being implemented under Third Water Supply and Sanitation Sector Project, an ADB assisted project, with financial mechanism covering 70% of the project cost as grant assistance by the GoN, 25% as loan provided by TDF and remaining 5% matched by Water Users Committee. Currently, the project is running on the 2nd Stage, which is Operation & Maintenance phase, for one year, effective from April 2017 to April 2018. The project aims to serve with safe and adequate water supply to 7,817 people of the service area.