World Bank loan to clean the GangaJune 13th, 2011 - 10:41 pm ICT by IANS
New Delhi, June 13 (IANS) India will sign an agreement with the World Bank Tuesday for a $801-million loan to fund cleaning up of the Ganga, whose pollution levels have raised concerns among environment activists.
“India and the World Bank will sign an agreement tomorrow for cleaning the Ganga river,” an environment and forests ministry release said here Monday.
The project is estimated to cost Rs.7,000 crore (around $1.6 billion). The central government share in the project will be Rs.5,100 crore (around $1.2 billion) and that of five states of Uttarakhand, Uttar Pradesh, Bihar, Jharkhand and West Bengal - through which the river flows - Rs.1,900 crore ($420 million).
“The World Bank will support the government of India by providing technical assistance and finance. The assistance would be in form of a loan of $801 million from IBRD and a credit of $199 million from International Development Association (IDA).”
The Ganga basin accounts for nearly one-fourth of the country’s landmass and is home to more than 400 million people. The Ganga faces great challenges from expanding population, urbanisation and industrial growth.
“The National Ganga River Basin Project will be implemented with the assistance of the World Bank. The project will focus on building and strengthening the National Ganga River Basin Authority’s (NGRBA) related institutions at the central and state level; establishing a world-class Ganga Knowledge Centre; enhancing river basin management; and financing select priority investments to reduce point-source pollution in a sustainable manner,” the release said.
“A comprehensive approach will be adopted under which industrial pollution, solid waste management, and riverfront management, essential sewage treatment will also be addressed. Dedicated institutional mechanisms will be established in order to plan, prioritize and manage these investments for the long term,” it added.
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- Centre approves Rs 7000 crore project to clean Ganga - Apr 28, 2011
- Cabinet clears Rs.7,000 crore to clean Ganga - Apr 28, 2011
- World Bank approves $1 bn loan to clean Ganga river - Jun 01, 2011
- Is government serious about saving the Ganga? - Mar 25, 2012
- Holy Ganga receives 2,900 million litres sewage daily: PM - Apr 17, 2012
- 135km stretch of Ganga in Uttarakhand gets green shield - Nov 02, 2010
- World Bank lending $1 billion to clean Ganga - Dec 02, 2009
- Rs.600 cr for green initiatives, fighting climate change - Feb 28, 2011
- Act quickly to restore glory of Ganga: PM - Apr 17, 2012
- Capacity of hydropower plants on Ganga to be reduced: Natarajan (Lead) - May 29, 2012
- World Bank to finance Uttarakhand hydro-power project - Aug 12, 2011
- Capacity of hydropower plants on Ganga to be reduced: Natarajan - May 29, 2012
- Cabinet clears Rs.497 crore for Ganga clean up (Lead) - Jun 10, 2010
- World Bank to help save Ganga dolphins - Jan 12, 2011
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