India and World Bank signed Financing Agreement for Andhra Pradesh Disaster Recovery Project
The objective of the project is to restore, improve and enhance resilience of public services, environmental facilities, and livelihoods in targeted Communities of Andhra Pradesh.
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
- The objective of the project is to restore, improve and enhance resilience of public services, environmental facilities, and livelihoods in targeted Communities of Andhra Pradesh.
- It aims to increase the capacity of the State to respond promptly and effectively to an eligible crisis or emergency.
- Direct beneficiaries of the project will be populations of the affected coastal areas specifically the four heavily impacted districts of Srikakulam, Vizianagaram, Visakhapatnam and East Godavari.
- It will have seven components:
- Resilient electrical network
- Restoration of connectivity and shelter infrastructure
- Restoration and protection of beach front
- Restoration of environmental services and facilities and livelihood support
- Capacity building and technical support for disaster risk management
- Project implementation support
- Contingency Emergency Response
Now get latest Current Affairs on mobile, Download # 1 Current Affairs App