The Japan Government will provide a soft loan of about Rs1,000 crore (19.064 billion Yen) for the cleaning of Mula-Mutha River in Maharashtra.
The loan agreement to this effect was signed with Japan International Cooperation Agency (JICA) on Wednesday, in the presence of Environment Minister Prakash Javadekar. The Mula-Mutha River in Pune is one of the 302 polluted river stretches of the country identified by the Central Pollution Control Board.
The programme will be taken up under the National River Conservation Plan. The loan assistance for the project has been approved by the Finance Ministry at an estimated cost of Rs990.26 crore.
The project cost will be shared between Centre and Pune Municipal Corporation (PMC) in the ratio of 85:15 respectively. The share of Centre will be Rs841.72 crore and share of PMC would be Rs148.54 crore.