Hudco sanctions Rs 415cr Loan for Drinking Water Project in Berhampur

Berhampur, Nov 21: The Housing and Urban Development Corporation Limited (Hudco) has sanctioned Rs 415 crore loan for implementation of a drinking water project in Berhampur city in south Odisha.

The loan amount will be released following the approval by the state government. The government is yet to take any decision over it as the interest rate is over 10%.

"We hope the government will remain guarantor for implementation of the project, a longstanding demand of the city", said Berhampur MLA  R C Chyaupatnaik.

Chief Minister Naveen Patnaik recently reviewed different projects, particularly the drinking water scheme. He emphasised on timely completion of the projects.

"Since the government is giving much emphasis on the projects, we are optimistic it will approve the loan proposal," said the MLA.

Last year, the CM had laid the foundation stone of the project in the city.

The drinking water problem of the city will be solved once the project is implemented as it will provide 200 MLD.

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