Question: Name the Project for which Indian Government has signed US$ 250 million financing agreement with World Bank (IDA)?
(a) Damodar Valley Project
(b) Jhelum and Tawi Flood Recovery Project
(c) Tehri Dam project
(d) Tulbul project
Ans (b)
Related facts:
- Government of India and the World Bank on January 21, 2016 at New Delhi signed an agreement according which World Bank (IDA) will provide an assistance of US$ 250 million for Jhelum and Tawi Flood Recovery Project.
- It is a loan for an implementation period of 5 years.
- The Financing Agreement was signed by Mr. Raj Kumar, Joint Secretary, Department of Economic Affairs on behalf of Government of India and Mr. Onno Ruhl, Country Director in India, on behalf of the World Bank.
- A Subsidiary Agreement was also entered into between Government of India and Project Implementing Entity i.e. Government of Jammu & Kashmir.
- The objective of the project is to support the recovery and increase disaster resilience in Project Areas and increase the capacity of the Project Implementing Entity to respond promptly and effectively to an eligible crisis or emergency.
- The primary beneficiaries would be the communities in the districts of Jammu & Kashmir that were affected by loss of public service infrastructure.
- The project has seven components:
(i) Reconstruction and strengthening of critical infrastructure.
(ii) Reconstruction of roads and bridges.
(iii) Restoration of urban flood management infrastructure.
(iv) Restoration and strengthening of livelihoods.
(v) Strengthening disaster risk management capacity.
(vi) Contingency Emergency Response and
(vii) Implementation Support.
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