The Asian Development Bank will maintain its lending rate to India of about $2 billion per annum for the next three years, which will be invested in power, transportation, water and sanitation, the multilateral bank’s president Takehiko Nakao said on Sunday.
Nakao added that the bank had identified some projects where the money may be invested in, but declined to specify in detail. “At this point, it is not a good idea to say what projects we are thinking because it is subject to discussions in the board of directors, but of course we are looking at specific projects. Our investment to India is very broad-based.