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India Signed Financing and Project Agreements with World Bank for Disaster Management

Government of India, Government of Tamil Nadu and Government of Puducherry signed the Financing and Project Agreements for World Bank assistance.

Nov 12, 2013 11:30 IST
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The Union Government of India, the Government of Tamil Nadu and the Government of Puducherry signed the Financing and Project Agreements for World Bank assistance (IDA assistance) of 236 million US Dollar with the World Bank on 11 November 2013. The agreements were signed for Tamil Nadu-Puducherry Coastal Disaster Risk Reduction Project (CDRRP). The function took place at North Block, New Delhi.

Major Highlights of the Agreements

• The Financing Agreement was signed by Nilaya Mitash, Joint Secretary, Department of Economic Affairs on behalf of Government of India and Onno Ruhl, Country Director, World Bank on behalf of the World Bank.
• The Project Agreement was signed by Gagandeep Singh Bedi, Secretary, Revenue Department, Government of Tamil Nadu on behalf of Government of Tamil Nadu and Deepak Kumar, Project Director, Project Implementing Agency, Government of Puducherry on behalf of Government of Puducherry.
• The objective of the Project is to increase the resilience of coastal communities in Tamil Nadu and Puducherry, to a range of hydro-meteorological and geophysical hazards along with improving project implementation entities’ capacity to respond promptly and effectively to an eligible crisis or emergency.
• The Project will have five components, which are- (i) Vulnerability Reduction; (ii) Sustainable Fisheries; (iii) Capacity building in Disaster Risk Management; (iv) Implementation Support; and (v) Contingency Emergency Response.

Expected Results of the Project

• The Project is expected to result in (i) increased community resilience and preparedness in coastal areas; (ii) improved multi-hazard resilient coastal infrastructure; (iii) enhanced performance of and livelihood opportunities from fisheries with increased safety at sea; (iv) increased institutional capacity for risk mitigation and response at the state level.
• The primary beneficiaries of the project would be approximately 150 coastal villages that would benefit from the risk mitigation infrastructures.
• Further, the project would enable a local reform process, which will ensure an improved performance in the marine fisheries sector, characterised by a sustainable flow of social and economic benefits to coastal fisheries communities and a healthy marine environment.
• Over 17000 families are expected to benefit from the construction of in-situ permanent multi-hazard resilient houses.
• Through a disaster management curriculum development for schools and training institutions, the project has the potential to benefit a large community of school children and trainees.
• It is Specific Investment Loan for a period of 5 years. The implementing agencies are Government of Tamil Nadu and Government of Puducherry.

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