The World Bank has expressed interest to fund the Mizoram State Road Project Phase II (MSRP-II). The road project is aimed at boosting better link between Mizoram and its two neigbouring countries-Bangladesh and Myanmar.
Tag: World Bank
Post
Post
$360 mn WB loan for UP water project
India has signed an agreement with World Bank for a credit of $360 million for Uttar Pradesh Water Sector Restructuring Project Phase-II. The agreement for the credit was signed in Delhi recently by Nilaya Mitash, Joint Secretary, Department of Economic Affairs, Ministry of Finance on behalf of the Government of India and Onno Ruhl, Country Director, World Bank on behalf of the World Bank.
Post
WB loan for rural roads
The World Bank has approved a loan of $500 million loan for road projects in the backward areas in India. The World Bank loan will focus on three low-income states - Rajasthan, Bihar and Orissa - and on less developed regions in Karnataka and West Bengal. The National Highways Interconnectivity Improvement Project.
Post
$500 mn World Bank loan for roads in remote India
To improve national highways and road connectivity in remote areas and economically backward areas of India, the World Bank has approved a loan of $500 million loan.
Post
AP to get 130 cyclone shelters
With financial assistance of the World Bank, a total of 130 cyclone shelters are being built in Andhra Pradesh, 17 of them in Visakhapatnam district. The National Disaster Management Authority (NDMA) announced this in Visakhapatnam on October 17 after visiting the cyclone-hit areas in the state.
Post
Rs 8,500 cr road projects to start in TN next year
For implementing the World Bank backed Rs 8,583-crore road infrastructure project, the State government has allocated Rs 65 crore to prepare a detailed project report (DPR). The State Principal Secretary of Highways and Minor Ports Rajeev Ranjan said that the DPR was still being prepared for the 1,678-km road development project across the State under the public-private partnership (PPP) mode.
Post
World Bank asks South Asia to reform for growth
The World Bank has said that growth in South Asian countries will dip in 2013-14 and countries must revitalise structural reforms to ensure their region returns to the ranks of the world's fastest-growing economies and cuts poverty.
Post
Himachal re-allots World Bank-funded road project
In Himachal Pradesh, a road project, which was earlier awarded to a Chinese firm Longjian Road and Bridge Company, has been re-allotted to another company. The road project has been funded by the World Bank, officials concerned said in Shimla on September 30. The project is likely to be completed in two years.
Post
Govt plans bond buy for $4.3 bn World Bank loans
The Union Finance Ministry has proposed to the government allow the country to borrow an additional $4.3 billion from the World Bank by investing in special bonds. The Union Cabinet is to consider the proposal on September 12.
Post
IFC mulls tie-ups with new bank licence aspirants in India
The private sector investment arm of World Bank, International Finance Corp is looking out to partner with aspirants for new bank licences, as it increases its investment in India to $2 billion this year. IFC is an investor in Kolkata-based microfinance institution Bandhan Financial Services, as well as in non-banking finance company Magma Fincorp, both of which have applied for a banking licence.