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    <title>The Government of India and the Asian Development Bank (ADB) sign a $60 Million Loan Agreement to reduce floods and the riverbank erosion in Assam</title>
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    <description>A Tranche 2 loan under a multi tranche financing facility will fund structural riverbank protection and embankment upgrading plus non structural community based flood risk management in three subproject areas along the Brahmaputra. The Project includes establishment and training of local disaster management committees, institutional capacity development for the autonomous river erosion management agency and the State disaster management authority as executing and implementing agencies, and contractual loan terms with a long tenor, a multi year grace period, an interest rate tied to LIBOR, and a commitment charge.</description>
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