Financial Daily from THE HINDU group of publications
Thursday, Jun 06, 2002
Financial Daily from THE HINDU group of publications Thursday, Jun 06, 2002 |
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Industry & Economy
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Water Management World Bank aid for Karnataka rural water management project Our Bureau
BANGALORE, June 5 THE World Bank will extend an assistance of $98.9 million interest-free credit for the Karnataka Community-Based Tank Management Project. The loan will be utilised to support a community-based approach to managing water resources in rural areas, restoring the capacity of tanks and vesting responsibility for tank management to village-level user groups. The loan was approved by the World Bank on April 25 and an agreement for the assistance was signed on Tuesday in New Delhi by senior officials of the Central and State Governments with the World Bank. Mr Adarsh Kishore, Additional Secretary, Department of Economic Affairs, signed the agreement on behalf of the Government of India, while Mr Edwin Lim, Country Director, India, signed on behalf of the World Bank. Mr Chiranjiv Singh, Principal Secretary (Finance), Government of Karnataka, signed the Karnataka Tank project agreement on behalf of Karnataka, and Mr Madan Gopal, Executive Director, Jala Samvardhane Yojana Sangha, signed on behalf of the implementing agency. The World Bank assistance will help revitalise approximately 2,000 existing tank systems in sub-districts of the State. The project will build the skills and ensure the local delivery of resources and technical assistance so that tanks can be effectively planned, maintained and managed locally. About 1.5 million rural households will benefit from improved tank management supported by this project. It is expected that major economic benefits will be in agriculture and horticulture production, fisheries, forestry, livestock and above all the time saved in fetching water. The World Bank also signed an agreement for assistance to the Gujarat Emergency Earthquake Reconstruction Programme Phase II. Mr S.G. Mankad, Principal Secretary (Finance), Government of Gujarat, signed the Gujarat Earthquake Programme agreement on behalf of that State. The $442.8-million interest-free credit for the second phase of the ongoing Gujarat Emergency Earthquake Reconstruction Programme was approved by the World Bank on May 2. It is a follow-up to the emergency assistance of $261.6 million provided immediately after the earthquake, and is aimed at completing ongoing reconstruction and enhancing future disaster preparedness. The fresh assistance will help Gujarat reconstruct houses in rural and urban areas and provide for repair and strengthening of damaged public buildings, roads, bridges, dams and irrigation infrastructure.
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