The New Development Bank (NDB) has just approved five new projects totaling $875 million for water, sanitation, ecotourism and transport. Investments will support commitments by Brazil, China and India toward the Sustainable Development Goals (SDGs).
In Brazil, NDB will channel $300 million that will contribute to connecting 592,000 households to water-supply networks and 727,000 to sewage-collection networks in the state of Sao Paulo. It also will promote environmental protection by augmenting wastewater-treatment capacity, among other development outputs.
In India, NDB will direct $79 million for the Meghalaya Ecotourism Infrastructure Development Project. Investments will foster much-needed infrastructure in Meghalaya state that will lead to the establishment of five ecotourism circuits. The project includes the construction of 114 kilometers (70.8 miles) of roads and bridges.
NDB also will direct $70 million to the Lamphelpat Waterbody Rejuvenation Project.
