The Government of India and the Asian Development Bank (ADB) today signed a $200 million loan to strengthen flood and riverbank erosion risk management along the 650 kilometres (km) long main stem of the Brahmaputra river in the state of Assam.
The signatories to the loan agreement for the Climate Resilient Brahmaputra Integrated Flood and Riverbank Erosion Risk Management Project in Assam were Ms. Juhi Mukherjee, Joint Secretary, Department of Economic Affairs in the Ministry of Finance, for the Government of India, and Mr. Hoe Yun Jeong, Deputy Country Director of ADB’s India Resident Mission, for ADB.
The project builds on the success and lessons from the ADB-financed Assam Integrated Flood and Riverbank Erosion Risk Management Investment Programme implemented during 2010–2020, and similar investments in Bangladesh and will continue to tackle recurrent flooding and continual riverbank erosion of the Brahmaputra river.
