Indias finance ministry signed loan agreements with the World Bank totaling 770 million US dollar (4 milliarder DKR) for three development projects on Friday in Hyderabad.
These include a road improvement and safety project, a rural water supply and sanitation project and a municipal development project in the state of Andhra Pradesh.
The roads project aims at strengthening and widening of 429 km roads with paved shoulders and construction of long-term performance highways for a length of 6.241 km.
Under the municipal development project, sewer lines, streetlights, and storm-water drains would be provided in towns and cities. The rural water and sanitation project would provide for supply of piped water to 2 million people in six districts.
With these new loan agreements, the World Banks total ongoing commitment to India has increased to 19,38 billion dollar, according to a finance ministry statement.
In the current fiscal year to end-March 2010, the Bank has committed fund assistance worth 5,5 billion dollar to India, the statement said.
Kilde: www.worldbank.org
