World Bank To Provide US$ 600 Across Four New Projects in Jharkhand...

World Bank To Provide US$ 600 Across Four New Projects in Jharkhand

Among the upcoming projects, the US$ 300 million (approx. Rs 1,935 crore) Jharkhand Municipal Development Project aims towards enhancing the capacity of Urban Local Bodies (ULBs)
World Bank

The World Bank extended its support to the Government of Jharkhand with a proposed assistance program of about US$ 600 million.

This is for four new state-level projects  to be taken over the next 2-3 years.

The US$ 150 million (approx. Rs 967.50 crore) World Bank financing for Jharkhand Power System Improvement Project will support the state in

increasing the transmission of power from Jharkhand to other states of the country;

increase the power transmission capacity;

streamline procurement and contract management practices in the transmission company, Jharkhand Urja Sancharan Nigam Limited (JUSNL); and

help the distribution company, Jharkhand Bijli Vitran Nigam Limited, (JBVNL) reduce its Aggregate Transmission and Commercial (AT&C) losses.

The US$ 100 million (approx. Rs 645 crore) World Bank financing for Jharkhand Opportunities for Harnessing Rural Growth Project (JOHAR) will enhance and diversify household income in select farm and    non-farm sectors.

The Jharkhand Service Delivery Improvement Project, for which the World Bank is expected to provide US$ 50 million (approx. Rs 322.50 crore) will help the government provide services to its citizens through the Pragya Kendras. T

World Bank in India

As of January 2017, total World Bank net commitments stood at $27 billion (International Bank for Reconstruction and Development $16 billion, International Development Association $11 billion) across 95 projects.

With inputs from: The World Bank

Image link : Internet sources