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The total cost of
the Project is estimated at $275 million equivalent (including taxes and duties
of $10.8 million equivalent), of which $ 66.0 million (24.0%) is foreign exchange
including $14,4 million in interest during construction and other charges, and $
209.0 million equivalent (76.0%) is local currency. Table below summarizes of the
estimated costs. |
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Financing Arrangements : |
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Funds assured by GOI through GOMP.
- Required funds have been already allocated for the project.
- BMC have reserved funds to meet their share.
- Payments will be processed by the PIU and will be made from BMC Special account for the Project. All the payments will be made within the time stipulated in the contract document.
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To meet the estimated project cost of $ 275 million equivalent,ADB will provide
a loan of $181 million,UN-HABITAT will provide and administer parallel grant cofinancing
of $0.5 million. The government of M.P. will provide local currency financing
of $45.9 million including a grant equivalent to 20% of the investment for the water
supply scheme to Indore Corporation. The four cities will provide the remaining
local currency cost of $ 47.6 million equivalent or 17.3% of the total project cost,
as per
following table : |
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