World Bank to help J&K tackle disasters

World Bank to help J&K tackle disasters

World Bank to help  J&K tackle disasters

The World Bank on Wednesday assured the Jammu and Kashmir government that it would provide not only financial help, but also technical assistance for capacity building to tackle disasters.

Jammu and Kashmir is prone to natural disasters like floods and earthquakes and in the 2014 deluge, it suffered massive losses.

A six-member World Bank team led by Saurabh Dani which met Chief Minister Mehbooba Mufti, here assured her that the Bank would help the state not only by way of finances, but would also provide technical assistance for capacity building to tackle the disasters and make the state disaster management authority effective. 

The team is on a three-day visit to Jammu and Kashmir to work out modalities for development of infrastructure projects damaged during the devastating floods in September 2014. Earlier, briefing the meeting about various components of the World Bank loan, State’s Financial Commissioner, Planning, Development & Monitoring Department, B B Vyas said that the preliminary agreement between the government of India and World Bank was signed in April 2015 for $250 million (Rs 1,500 crore) loan to be spent up to June 2020 for financing reconstruction of public assets severely damaged in September 2014 floods in J&K.

He said the objective of the World Bank project is to improve infrastructure in J&K and make it multi-hazard resistant and to improve its ability to respond to the disasters more effectively. During the meeting, Mehbooba called for prioritising the works under World Bank loan of Rs 1,500 crore to address urgent infrastructure deficiencies in critical areas including flood and disaster management.

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