ADB approves 42 mln USD loan to India

The Asian Development Bank (ADB) said Monday that it has approved a 42-million-U.S.-dollar loan to protect coastal and riverbanks and increase the resilience of local communities and natural ecosystems in Maharashtra, India. The ADB said the Maharashtra Sustainable Climate-Resilient Coast Protection and Management Project will establish coastal erosion and riverbank protection solutions such as offshore reefs, sheet piles, beach nourishment, and vegetation planting to restore and stabilize the coastline. The bank promises to help build the capacity of the Maharashtra Maritime Board in shore management planning by establishing a coastal infrastructure management unit. The project will support the capacity building of stakeholders on gender equality and social inclusion, coastal management, and livelihood activities.