ADB's $42 Million Loan for Maharashtra Coastal Protection
| Aspect | Details |
|---|---|
| Why in News | Government of India and ADB signed a $42 million loan agreement for Maharashtra coastal protection project. |
| Loan Amount | $42 million |
| Focus | Coastal and riverbank protection in Maharashtra. |
| Aim | Enhance resilience of coastal communities and ecosystems. |
| Strategies | - Offshore reefs - Rock protection works - Beach and dune nourishment (nature-based solutions) - Remote sensing satellite imagery for improved shoreline management. |
| Beneficiaries | - Coastal communities - Tourism and fishery sectors - Vulnerable groups (women, youth). |
| Institutional Support | Maharashtra Maritime Board (Coastal infrastructure management unit). |
| Signatories | - Juhi Mukherjee (Government of India) - Mio Oka (ADB). |
| Additional Project Details | - Focus on climate change, sea-level rise, and extreme weather predictions. |
| Linked Initiatives | Builds on ADB's earlier investments, including $200 million commitment to Nagpur Metro Rail Phase II. |
| Project Name | Maharashtra Sustainable Climate-Resilient Coastal Protection and Management Project. |
| Key Objectives | - Combating coastal erosion - Enhanced resilience for tourism and fishery sectors - Community inclusion through participation of women, youth, and vulnerable groups. |