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World Bank Approves $147 million Loan To Jharkhand

World Bank Approves $147 million Loan To Jharkhand

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  26 Jun 2019 11:19 AM GMT

Ranchi: The World Bank on Tuesday approved a $147 million loan agreement to provide basic urban services to the people of Jharkhand and help improve the management capacity of the urban local bodies (ULBs) in the state.

This is in keeping with the needs of a rapidly urbanizing state where about 31 million people reside in urban areas and urban population growth in nine of the 24 districts in Jharkhand is above India’s overall urbanization pace of 2.7 per cent.

Interventions such as piped water supply, storm water drains, climate friendly road construction and energy efficient street lighting will not only help improve urban services but also make it environmentally sustainable. Work on the Khunti water supply sub-project and the Dhanbad roads sub-project is expected to commence shortly. (IANS)

Also Read: Indian economy grew 7.2% in 2018-19, likely to top at 7.5%: World Bank

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