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World Bank warns of road funds cut

World Bank warns of road funds cut

The World Bank (WB) has warned the Assam government that the loan amount sanctioned for the Assam State Roads Project may be slashed if the pace of implementation does not improve by March 2017.

In the implementation status and results report of the project, released on December 21, the bank said the Assam State Roads Project is unlikely to achieve the project development objective due to poor progress and the cancellation of a few contracts. ´The bank has rated the overall implementation progress of the project as ´moderately unsatisfactory´, said WB.

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