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World Bank to give $250 mn loan for Uttarakhand reconstruction

World-BankMulti-lateral funding agency World Bank will provide USD 250 million loan to construct disaster resilient houses and road in cyclonic disaster hit Uttarakhand.

“The government of India, the government of Uttarakhand and the World Bank today signed a USD 250 million credit agreement for the Uttarakhand Disaster Recovery Project to support the state in its post disaster recovery plans as well as strengthen its capacity for disaster risk management,”World Bank said in a release.

The loan will help construct about 2,500 permanent disaster resilient houses and about 3,600 km of roads in Uttarakhand.

The credit agreement for the project was signed by NilayaMitash, Joint Secretary, Department of Economic Affairs, Ministry of Finance; Rakesh Sharma, Additional Chief Secretary, from government of Uttarakhand and OnnoRuhl, World Bank Country Director.

The project will focus on the post disaster recovery plans in Uttarakhand as well as improve the resilience of the state’s infrastructure and that of its communities from the impacts of such disasters in the future, said Mitash.

A joint World Bank and Asian Development Bank team conducted a Rapid Damage and Needs Assessment (JRDNA) at the request of the central government to rebuild the state’s infrastructure and assets lost in the June 2013 disaster.

“Disasters, like the one we witnessed in Uttarakhand, can roll back decades of development and are a fundamental threat to economic development and the fight against poverty. This project will focus on both reconstruction and disaster preparedness.

A very important part of the project will be to help the state be better prepared for the future. Disaster preparedness work will include putting in place information and communication systems that can provide early warning to people likely to be impacted,” said Ruhl.

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