New Delhi, July 3 -- The Asian Development Bank (ADB) approved a USD 230 million loan to modernize and expand water supply and sanitation infrastructure in Chennai, India. The project aims to improve urban services for 4.5 million residents living in the Greater Chennai area.

According to an ADB press release, the investment addresses critical infrastructure gaps in India's fourth-largest city and major industrial hub, where existing water systems lagged behind rapid urban growth.

The initiative aligns with the Government of India's flagship urban development interventions, including the Atal Mission for Rejuvenation and Urban Transformation 2.0 and the Urban Challenge Fund. It builds directly upon earlier development projects executed ...