World Bank approves $250 million loan for Jhelum and Tawi Flood Recovery Project in J&K [ Current News (Concise) ]
World Bank which headquarters in Washington Dc has approved 250 million US dollars loan for Jhelum and Tawi Flood Recovery Project in Jammu & Kashmir (J&K). International Development Association (IDA) and World Bank was funded the loan credit from concessionary with a maturity of 25 years and also including a 5 year grace period.
- The project will also focus on disaster risk mitigation in state and strengthen the capacity of government entities in disaster risk management.
- Jhelum and Tawi Flood Recovery Project will play important role in reconstruction of flood-affected public infrastructure and which includes roads, bridges and public infrastructure.
- The action plan will focus on river morphology study for some key rivers impacted by the disaster, extreme weather events and urban vulnerability assessment.
- The investments will primarily include rehabilitation and renovation of storm water pumping stations in several areas. It will also strengthen the capacity of state government to respond and better manage natural disasters in future.
- This organization will focus on 20 districts of state and help to rebuild damaged public buildings such as schools, hospitals, higher education buildings, fire stations, selected block and district offices.
- Due to heavy rainfall had caused Jhelum, Chenab and Tawi rivers, their tributaries to flow above the danger mark in September 2014.
- Published on: June 8, 2015