Business Line 04.01.2010
Rs 1,430-cr World Bank loan for civic project
Our Bureau
Hyderabad, Jan. 3
The World Bank has approved Rs 1,430 crore loan for Andhra Pradesh Municipal Development Project.
The World Bank loan will provide a big impetus to the Government's initiative in taking up qualitative works in various municipalities to meet the civic and infrastructure requirements of urban people,'' the Chief Minister, Mr K. Rosaiah, said here on Sunday.
The total project cost is Rs 1,671 crore out of which the State Government's share would be Rs 238.64 crore.
The project would commence from February 15, and is expected to be completed by December 31, 2015, he said in a review meting with the officials.
Objective
The project's objective is to help improve urban services in the State and the capacity of urban local bodies (ULB) to sustain and expand urban services.
The urban service improvements would be chosen in a demand-driven manner and implemented by urban local bodies subject to several criteria and with necessary technical support.
The project would also support improvements in the financial, technical, and management capacities of all ULBs of the state through technical assistance and as a condition for infrastructure financing.
The Chief Minister directed the officials to continuously review the various works taken up district-wise and monitor the progress.
