Centre, World Bank, five states ink loan pact for dams project
ECONOMY & POLICY

Centre, World Bank, five states ink loan pact for dams project

A loan agreement for additional financing of $137 mn for the Dam Rehabilitation and Improvement Project, which will help rehabilitate and modernise over 220 selected large dams in Karnataka, Kerala, Madhya Pradesh, Odisha, Tamil Nadu and Uttarakhand, has reportedly been signed by the Centre,...

A loan agreement for additional financing of $137 mn for the Dam Rehabilitation and Improvement Project, which will help rehabilitate and modernise over 220 selected large dams in Karnataka, Kerala, Madhya Pradesh, Odisha, Tamil Nadu and Uttarakhand, has reportedly been signed by the Centre, the World Bank and representatives of five states along with implementing agencies. The loan from the International Bank for Reconstruction and Development has a three-year grace period and final maturity of 16 years.

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