Success in my Habit

Wednesday, January 25, 2012

World Bank, AP hold talks for more projects

Hyderabad: The Andhra Pradesh Chief Minister, Mr N.Kiran Kumar Reddy, today held parleys with officials of the World Bank and made a case for more engagement in irrigation, roads, rural schemes and other social sectors.

A delegation of the World Bank headed by Mr. Hubert Nove Josserand, Operations Adviser, World Bank, New Delhi, and Mr Venu Rajamani, Joint Secretary, Department of Economic Affairs (DEA), met the Chief Minister at the secretariat on Monday. The delegation included several sector specialists and economists.

During the discussion, the Chief Minister cited the good track record of the State in implementing several of the World Bank projects and sought its assistance for projects in the irrigation, Tank Reliant Irrigated Area Development project, AP Post Flood Project, support project for Urban SHGs (self-help groups) and for the Health Systems Strengthening Project.

According to a statement from the Chief Minister's Office, the State Government is implementing six World Bank assisted projects with an outlay of Rs 11,230 crore, of which the World Bank share is Rs 6,613 crore and the State Government share Rs 4,617 crore. These include AP Road Sector Project with an outlay of Rs 3,165 crore with a World Bank share of Rs 1,568 crore and the GoAP share of Rs1,597 crore. The project envisages better quality and safe roads in sustainable manner.

The total assistance from the World Bank was Rs 10,696 crore.

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