Financing agreements signed for Digha and Kankarbagh sewage projects in Patna

Mar 30, 2021

New Delhi (ANI) March 30, 2021 :Financing agreements have been signed for the development of 100 million liters per day (MLD) sewage treatment plant (STP) at Digha and 50 MLD STP at Kankarbagh in Patna city of Bihar under the Hybrid Annuity based PPP model (HAM) under the aegis of the National Mission for Clean Ganga. The agreements were signed between PTC Financial Services Limited (PFS) and DK Sewage Project Private Limited – a Special Purpose Vehicle formed by V A Tech Wabag Limited. PTC Financial Services Limited has agreed to fund Rs. 85.84 crore for development of STPs in the form of long term debt. Under the Namami Gange programme in Patna, 11 projects, including 350 MLD STPs along with laying of 1140.3 km sewerage network has been taken up at a total cost of Rs. 3,237 crore.