India, World Bank sign USD 250 million pact for Andhra Pradesh Disaster Recovery Project
Updated: Jul 17, 2015 02:02:57pm
New Delhi, Jul (KNN) India and International Development Association - World Bank (IDA) signed a USD 250 million financial agreement for Andhra Pradesh Disaster Recovery Project here on Thursday.
The objective of the project is to restore, improve and enhance resilience of public services, environmental facilities, and livelihoods in targeted communities of Andhra Pradesh, and increase the capacity of the state to respond promptly and effectively to an eligible crisis or emergency.
The financing agreement was signed by Joint Secretary, Department of Economic Affairs, S Selvakumar on behalf of Government of India and Country Director (India) of World Bank, Onno Ruhl on behalf of the World Bank. The project agreement was signed by Principal Secretary, Land and Disaster Management, Jagdish Chander Sharma on behalf of Government of Andhra Pradesh.
The project, through its different components, will provide both direct and indirect benefits to the Andhra Pradesh. Direct beneficiaries include populations of the coastal areas affected, specifically the four heavily impacted districts of Srikakulam, Vizianagaram, Visakhapatnam and East Godavari with a total approximate population of 13.3 million residents.
Project Components: The project will have seven components which are (i) Resilient electrical network, (ii) Restoration of connectivity and shelter infrastructure, (iii) Restoration and protection of beach front, (iv) Restoration of environmental services and facilities and livelihood support, (v) Capacity building and technical support for disaster risk management, and (vi) Project implementation support and (vii) Contingency Emergency Response.
It is a loan for an implementation period of 5 years. Government of Andhra Pradesh is the implementing agency. (KNN Bureau)
The objective of the project is to restore, improve and enhance resilience of public services, environmental facilities, and livelihoods in targeted communities of Andhra Pradesh, and increase the capacity of the state to respond promptly and effectively to an eligible crisis or emergency.
The financing agreement was signed by Joint Secretary, Department of Economic Affairs, S Selvakumar on behalf of Government of India and Country Director (India) of World Bank, Onno Ruhl on behalf of the World Bank. The project agreement was signed by Principal Secretary, Land and Disaster Management, Jagdish Chander Sharma on behalf of Government of Andhra Pradesh.
The project, through its different components, will provide both direct and indirect benefits to the Andhra Pradesh. Direct beneficiaries include populations of the coastal areas affected, specifically the four heavily impacted districts of Srikakulam, Vizianagaram, Visakhapatnam and East Godavari with a total approximate population of 13.3 million residents.
Project Components: The project will have seven components which are (i) Resilient electrical network, (ii) Restoration of connectivity and shelter infrastructure, (iii) Restoration and protection of beach front, (iv) Restoration of environmental services and facilities and livelihood support, (v) Capacity building and technical support for disaster risk management, and (vi) Project implementation support and (vii) Contingency Emergency Response.
It is a loan for an implementation period of 5 years. Government of Andhra Pradesh is the implementing agency. (KNN Bureau)
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