The Hindu 04.01.2010
Urban amenities to be improved with WB loan
Staff Reporter
HYDERABAD: The World Bank has approved a loan of US $ 300 million (approximately Rs 1,431.91 crore) for the Andhra Pradesh Municipal Development Project, under which civic and infrastructure requirements of urban areas are met.
This was disclosed by Chief Minister K. Rosaiah at a review meeting held here on Sunday on urban development. The WB loan would provide impetus to the government’s initiative of taking up qualitative civic and infrastructure works in municipalities, he stated.
Minister for Urban Development Anam Ramnarayana Reddy, Principal Secretaries T. S. Appa Rao and Pushpa Subrahmanyam and other officials attended the meeting. The total project cost was Rs. 1,670.55 cr. (US $350 million), out of which the State government would contribute Rs. 238.64 cr. (US $ 50 million). The project will be launched on Feb. 15 and is expected to be completed by Dec. 31, 2015, said a release.
Project’s objective
The objective of the project is to improve urban services and capacity of urban local bodies in the State. Urban service improvements under the project would be chosen in a demand-driven manner. It would support improvement in financial, technical and management capacities of ULBs with technical assistance.
