Centre approves Jharkhand’s proposal for World Bank loan

By Abha Manakatala - Sun Jan 10, 11:32 am

world-bankA proposal from the Jharkhand government for a $210 million assistance from the World Bank for urban projects has been cleaered by the Union Government.

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.

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