Multi-lateral funding agency World Bank will provide $250
million loan to construct disaster resilient houses and roads in disaster-hit
Uttarakhand.
“The
Government of India, the Government of Uttarakhand and the World Bank today
signed a $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.
A joint World Bank
and Asian Development Bank team conducted a Rapid Damage and Needs Assessment
(JRDNA) at the request of the Union Government to rebuild the State’s
infrastructure and assets lost in the June 2013 disaster.
