World Bank Approves Two Projects in India

By admin • June 16th, 2010

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The World Bank has given the green light for two projects worth $372 million for International Development Association (IDA) credits for an integrated coastal zone management project and also for additional financing to the ongoing Karnataka rural water supply and sanitation project.

The Integrated Coastal Management project is expected to be funded with $222 million. The project is designed to protect coastal communities and infrastructure located in coastal areas. The IDA credit will help to develop appropriate institutional arrangements and advanced knowledge systems needed to for the programme.

World Bank IDA credits will help in areas such as; mangrove plantation; regeneration of coral reefs; cleaning up of beaches; sewerage and solid waste management; conservation of cultural heritage; and a number of activities to improve coastal communities.

The other$150 million will go towards the Karnataka rural water supply and sanitation project. This project is part of a long term World Bank programme to help Karnataka improve their drinking water and sanitation services. This project has already helped to bring clean drinking water to 5 million people and the World Bank IDA credits will hopefully increase this further.

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