World Bank Loan for Urban Infrastructure

Lok Sabha

Ministry of Urban Development has taken an initiative to get World Bank assistance for Urban Sector Projects. The Planning Commission has conveyed its approval to the Preliminary Project Report (PPR) with suggestions relating inter-alia to the scope of urban services to be covered, eligibility of Urban Local Bodies (ULBs), and focus on Capacity building. The proposal has been forwarded to Department of Economic Affairs which has recommended the proposal to the World Bank for a loan assistance upto $1 billion.

This information was given by Shri Saugata Roy, Minister of State, Urban Development in reply to a question by Shri Baijayant Jay Panda, Shri G.S.Basavaraj & Shrimati Supriya Sule in Lok Sabha Today.

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TFK/KS