Centre approves Jharkhand’s proposal for World Bank loan
By Abha Manakatala - Sun Jan 10, 11:32 am
The proposed World Bank funding will address to some extent the huge investment requirements of the state in developing urban infrastructure and strengthening relevant state-level urban sector institutions.
According to Principal Secretary of State Urban Development Department Arun Kumar Singh, the Union Finance Ministry has recommended the state’s proposal for $210 million (Rs 1,365 crore) World Bank assistance for Jharkhand Sustainable Urban Development Project.
The state government has already committed $90 million (Rs 585 crore) for the project.