New Delhi: A French financial institution
today signed an agreement with the Rajasthan government to provide a Rs 440 crore loan for a water supply project in Jodhpur city.
"French institution French Development Agency (AFD) has
given approval for loan worth Rs 440 crore for reorganisation
of Jodhpur water supply project," the Rajasthan government
said in a release.
An MoU was signed by Joint Secretary in Ministry of
Finance Prabodh Saxena and Rajasthan`s Additional Chief
Secretary Ram Lubhaya in the presence of French Ambassador
Francois Richier here.
Speaking on the occasion, the French Ambassador said the
governments of the two countries share one common priority to
help and work on sustainable development in the field of water
"Water is key for everything that includes health, urban
development and agriculture. It is essential to provide clean
water to Indian people. It is a key endeavour in this
direction," Richier said.
The Ambassador said the French government was also
working on a similar project in Maharashtra`s Nagpur city.
French Development Agency (Agence Franaise de Developpement,
AFD) is a French public development bank and bilateral agency.