World Bank & ADB to provide $ 400m to disaster-hit Uttarakhand

The World Bank and the Asian Development Bank (ADB) will provide $ 400 million for reconstruction and rehabilitation in the disaster-hit areas in Uttarakhand. The fund would be spent in works in sectors including the housing, tourism, irrigation, agriculture, education, and health sector.

Of the total money received, $ 95 million would be spent in the construction of roads. Also, $ 20 million would be given to the five hydro-power projects that are funded by the ADB and have been damaged due to the recent flood-disaster.

Month: Current Affairs - August, 2013