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GVMC Loan

Sector: Water Supply and Storage • Location: India

Source: International Finance Corporation (IFC)

Project
Pending

The proposed investment comprises an International Finance Corporation (IFC) A-loan of up to US$60 million in INR equivalent, to Greater Visakhapatnam Municipal Corporation (“GVMC”), an urban local body in the state of Andhra Pradesh. GVMC is responsible for the civic infrastructure and administration of the city of Visakhapatnam. The proposed investment would finance the development of Madhurawad

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Project Information

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The project “GVMC Loan” is an infrastructure initiative in the Water Supply and Storage sector, located in India. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

Sponsoring Agency

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Company

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Status

Original status

pending

Taiyo status

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Taiyo last update

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Available timestamps

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Contact

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Email

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Address

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Description

Description

The proposed investment comprises an International Finance Corporation (IFC) A-loan of up to US$60 million in INR equivalent, to Greater Visakhapatnam Municipal Corporation (“GVMC”), an urban local body in the state of Andhra Pradesh. GVMC is responsible for the civic infrastructure and administration of the city of Visakhapatnam. The proposed investment would finance the development of Madhurawada Sewerage System in the northern part of the city as it is one of the fastest growing executive capital area in the city. The project involves the development of sewage collection network, sewage pumping stations, lift stations, and sewage treatment plant. The benefits of the proposed project are increased sustainability of sanitation services, improved environmental outcomes, mitigation of greenhouse gases, and cost efficiency.  

Original sub-sector

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Original Currency

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Original budget

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Procurement method

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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Article Published Date

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