Financial Daily from THE HINDU group of publications
Wednesday, Jun 29, 2005

News
Features
Stocks
Port Info
Archives
Google

Group Sites

Industry & Economy - Natural Calamities
Money & Banking - RBI & Other Central Banks


ADB's extended tsunami mission from July 1

G. K. Nair

Kochi , June 28

THE Asian Development Bank (ADB) team, which has just completed a field trip to the tsunami-hit areas in Tamil Nadu and Kerala, is in the process of approving about $20 million for retroactive expenditures. The bank expects an extended mission to begin operations in both the States by July 1.

Specific works have been identified for all infrastructure and most of the livelihood programmes, an ADB release said.

Recovery is well under way in all the affected regions. ADB is holding close discussions with other major donors.

t will hold joint reviews every six months with the World Bank and the United Nations Development Programme (UNDP).

To ensure close coordination, ADB is sharing office space with UN agencies in Chennai.

Overall rehabilitation and reconstruction needs in the mainland tsunami-affected States and Union territories of India total $1.2 billion, according to the Damage and Needs Assessment Report prepared jointly by the World Bank, ADB and the UN at the request of the Union Government.

ADB's focal sectors for assistance in the affected States are: Livelihood restoration, transportation, and rural and municipal infrastructure.

ADB's assistance to India for tsunami relief includes the Tsunami Emergency Assistance Sector Project for $200 million (approved on April 14, 2005) comprising a loan of $100 million and an ad-hoc task force grant of $100 million.

Technical assistance grants totalling $6.5 million are also being processed. The three donors and the Government agreed to allocate livelihood restoration, transportation, and rural and municipal infrastructure in Tamil Nadu and Kerala to ADB; housing, fisheries, and agriculture sectors to the World Bank; and disaster risk management to the UN, according to the respective resources and expertise.

ADB's $200-million loan and grant assistance package will help India restore livelihoods and reconstruct damaged infrastructure in Tamil Nadu and Kerala.

Of the amount, $143.75 million is allocated to Tamil Nadu and $56.25 million to Kerala. ADB's project will have four components.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page


Stories in this Section
Tirupur dyeing industry seeks Jayalalithaa help


Vigorous monsoon spell in North India
Some States unhappy with TFC's suggestion on market borrowing
`Outcome Budget' in July
Efficient govt is the key: PM
NDC `endorses' 10th Plan Mid-Term Appraisal
Central excise to operate help centre from KCCI premises
Pranab sees scope to boost defence business with US
NTC may develop gem, jewellery centre on Mumbai mill land
Govt asks IOC to seek second opinion on IBP merger swap ratio
ONGC to net Rs 1,400 cr thanks to hike in gas prices
Oil industry services declared public utility for 6 more months
GSPC gas may be ready for commercial usage by Dec '07
Monsoon eases power situation across AP
NGOs seek review of hydel power policy
Coal, Power Ministers to discuss thermal plants' problems today
Textile hub for Mahabubnagar
IL&FS keen on textile proposals
Cabinet to take up pvt FM radio policy
AP: Training in soft skills
Coaching classes for GATE
Learning programme
Jewellery market estimated at over Rs 58,000 cr: Survey
Real estate boom may help NTC fund revamp
Clarity eludes sale of nutraceuticals in Maharashtra from July
Tariff reduction formula only on bound rates, says Kamal Nath
Kerala to formulate bamboo policy
Direct taxes advisory panel revamped
Amul posts marginal topline growth, trebles its exports
ADB's extended tsunami mission from July 1
DGP to head Youth Hostels Assn of AP unit
SAS CEO named to WEF panel


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright © 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line