30-06-22 Daily-Gujarat-GPSC Current Affairs

Adani Transmission Limited (ATL) has bagged the coveted green loan tag by Sustainalytics for its revolving facility worth $700 million. This provides assurance on the green loan framework forATLs revolving facility.

The firm provides analytical environmental, social and Governance (ESG) research, ratings and data to institutional investors and companies.

A revolving loan facility is a flexible borrowing mechanism that enables the borrower to withdraw, repay, and withdraw again.MUFG Bankhas acted as green loan coordinator to the issuer for arranging the second-party opinion (SPO) on green loan framework prepared by ATL.
The projects associated with the $700 million flexible loan facility are being set up inGujaratandMaharashtra. In Gujarat, these projects are part of the governments green energy corridor projects (GEC), dedicated to the evacuation and transmission of .

approves $250 mn loan for road safety

The World Bank has approved a $250 million loan to support the Government of India’s road safety programme for seven States under which a single accident reporting number will be set up to better manage post-crash events.

The India State Support Program for Road Safety, financed by the World Bank, will be implemented in Andhra Pradesh, Gujarat, Odisha, Tamil Nadu, Telangana, Uttar Pradesh and West Bengal. The $250 million variable spread loan from the International Bank for Reconstruction and Development (IBRD) has a maturity of 18 years including a grace period of 5.5 years.

The project will also establish a national harmonised crash Database system in order to analyse accidents and use that to construct better and safer roads.

It will also fund Network expansion of basic and advanced life support ambulances and training of first responder caregivers to road crash victims on the spot.

The project will also provide incentives to the States to leverage private funding through Public Private PARTNERSHIP (PPP) concessions and pilot initiatives.

According to a World Bank study, road crashes are estimated to cost the Indian economy between 5% to 7% of GDP a year. Official government data show that each year road accidents in India kill about 1,50,000 people and injure another 4,50,000. More than half of the victims are pedestrians, cyclists, or motorcyclists and almost 84% of all fatalities are among road users between the working ages of 18-60 years.

India successfully conducts VL-SRSAM missile test off the coast of Odisha