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New Post has been published on News From Banks | Banking and Investment Blog
New Post has been published on http://www.newsfrombanks.com/world-bank-to-provide-153-mn-loan-for-odisha-project.html
World Bank to provide $153 mn loan for Odisha project
New Delhi, July 11:
India has inked a loan agreement with World Bank for an assistance of $ 153 million (regarding Rs 920 crore) for the Odisha Disaster Recovery Project.
“The Loan Agreements for World Bank (International Development Association (IDA) assistance of $ 153 million for Odisha Disaster Recovery Project were finalized here about Friday involving the Government of India as well as the World Bank,” an official statement mentioned.
The goal of the project is to restore plus enhance housing plus public services inside targeted communities of Odisha, plus strengthen the capability of the state entities to reply promptly plus effectively to an qualified crisis of emergency, the statement mentioned.
Direct beneficiaries of the project include population of the coastal regions inside Ganjam, Puri plus Khordha affected by the cyclone which is piece of the housing reconstruction programme, it added.
In addition, the total population of Berhampur, about 350,000, might benefit either straight or indirectly within the improvements expected to result within the master plans.
The Project is implemented over a period of five years. The Government of Odisha is the implementing agency of the project, the statement mentioned.
(This post was published about July 11, 2014)
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