India and World Bank on 16 July 2015 signed Financing Agreement for assistance of 250 million US dollars for Andhra Pradesh Disaster Recovery Project. It is a loan for an implementation period of 5 years and Andhra Pradesh Government will be the implementing agency of project.
The Financing Agreement was signed by S Selvakumar, Joint Secretary, Department of Economic Affairs in Union Government and Onno Ruhl, Country Director (India) of World Bank on behalf of the World Bank.
While, the Project Agreement was signed by Jagdish Chander Sharma, Principal Secretary, Land and Disaster Management on behalf of Government of Andhra Pradesh.
Highlights of the Andhra Pradesh Disaster Recovery Project
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Who: India and World Bank
When: 16 July 2015
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