India Signs Credit Agreement Worth US$ 24 Million with World Bank for Additional Financing for Uttarakhand Rural Water Supply and Sanitation Project.
An agreement for credit of US $ 24 million (equivalent) from World Bank for Additional Financing for Uttarakhand Rural Water Supply and Sanitation Project was signed here today by Nilaya Mitash, Joint Secretary, Department of Economic Affairs, Ministry of Finance on behalf of the Government of India and Micheal Haney, Acting Director, New Delhi office, World Bank on behalf of the World Bank.
Similarly the Project Agreement was signed by Ms. Sowjanya, Additional Secretary, Department of Drinking Water and Sanitation on behalf of the Government of Uttrakhand.
The objective is to improve the effectiveness of rural water supply and sanitation (RWSS) services through decentralization and restore services of damaged schemes in the disaster affected areas in the State of Uttarakhand.
Project Components: The additional Component D on RWSS disaster Mitigation Activities will comprise of the following sub components: Component D1: RWSS Sector Development (US$ 0.50 million). Component D2: Reconstruction and Restoration (US $18.79 million). Component D3: RWSS Program Management Support and M&E (US $ 4.71 million).
The closing date for the Project is June 30, 2015.