$ 250 m WB loan for AP

wbAn agreement for World Bank loan of US $ 250 million for Andhra Pradesh Disaster Recovery Project was signed between the Central Government and World Bank on July 16 in New Delhi. The objective is to restore and enhance public services, facilities and livelihoods in targeted communities. The project will benefit 13.3 million residents of Srikakulam, Vizianagaram, Visakhapatnam and East Godavari districts. The project will have resilient electrical network, restoration of connectivity and shelter infrastructure, protection of beach, environmental services, livelihood support, technical support for disaster risk management and contingency emergency response. The pact was signed by S Selvakumar, Joint Secretary, Department of Economic Affairs, Onno Ruhl, Country Director, World Bank and Jagdish Chander Sharma, Principal Secretary, Land and Disaster Management, AP.

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