Punjab approves $285.71-million project for canal-based water supply to Amritsar, Ludhiana
Punjab approves $285.71-million project for canal-based water supply to Amritsar, Ludhiana
The Punjab Cabinet approved a US $285.71 million project for canalbased water supply for Amritsar and Ludhiana cities under World Bank financing.
The International Bank for Reconstruction and Development (IBRD) would finance $200 million (70%) and Punjab government $85.71 million (30%) as per the proposal.
The project components include strengthening urban water supply service management with a total cost of $11.61 million, improving water supply infrastructure at $240.38 million, besides land acquisition and rehabilitation at a cost of $15.62 million, COVID crisis response to the tune of $10 million and project management at $7.6 million, it added.
The Punjab government had, in June 2018, through the Government of India’s Department of Economic Affairs (DEA), requested the World Bank to support Punjab for implementing 24X7 canalbased water supply projects in Amritsar and Ludhiana.
The World Bank is an international financial institution that provides loans and grants to the governments of poorer countries for the purpose of pursuing capital projects. It comprises two institutions: the International Bank for Reconstruction and Development, and the International Development Association. ?