OeEB lends EUR13 million for sewerage treatment project in West Bengal

Austrian Development Bank OeEB has lent Euro 13 million for a sewerage treatment project at Maheshtala in South 24 Parganas district of West Bengal. The bank has offered the entire amount as loan to the sta­te, making it the first European development finance institution lending to National Mission for Clean Ganga hybrid annuity model (HAM) projects. Vishvaraj Environment Private Limited, a water utility firm, is executing the project.