April 24, 2018
The Government of India, the Government of Madhya Pradesh and the World Bank have signed a US$210 million loan agreement for the Madhya Pradesh Rural Connectivity Project
Under the Madhya Pradesh project, 10,000 km of rural roads will be upgraded to bituminous surface, while 510 km of new roads will be built to the same bituminous surface standard
India has signed an International Bank for Reconstruction and Development loan of US$48 million for the Meghalaya Community-Led Landscapes Management Project with the World Bank
Meghalaya’s natural resource such as land, water sources and forests is a source of livelihood for a majority of the population in the state; The Project will help manage these depleting resources
Over the period of a week, the World Bank has approved two loan agreements to support to rural development projects in two Indian states. The international agency has tied up with the Government of India to develop rural road network in the central Indian state of Madhya Pradesh and manage landscapes in the Northeastern state of Meghalaya. The projects are expected to substantially boost rural economy by aiding investment and employment generation.
The Government of India, the Government of Madhya Pradesh and the World Bank on April 24th signed a US$210 million loan agreement for the Madhya Pradesh Rural Connectivity Project. The Project is expected to improve the durability and safety of the gravel surfaced rural roads and enhance the capacity of the state to manage its rural roads network. The Project will cover 10,510 km stretch of rural roads in Madhya Pradesh that fall under the State Chief Minister’s Gram Sadak Yojana (CMGSY) program. Of this 10,000 km will be upgraded from existing gravel to bituminous surface roads, while 510 km of new roads will be built to the same bituminous surface standard. The project will provide sustainable and safe last-mile connectivity to small villages and improve mobility of the rural population towards sources of vital services and income. Earlier this month, the Asian Infrastructure Investment Bank (AIIB) has approved a US$140 million loan for projects to improve rural connectivity in Madhya Pradesh (MP ).
The Indian Government on April 16th signed an International Bank for Reconstruction and Development (IBRD) loan of US$48 million for the Meghalaya Community-Led Landscapes Management Project (MCLLMP) with the World Bank. The project aims to strengthen community-led landscapes management in selected landscapes in the state of Meghalaya. The Project consists of three components: (i) Strengthening knowledge and capacity for natural resource management; (ii) Community-led landscape planning and implementation and (iii) Project management and governance. The closing date of the project is 30th June, 2023. Meghalaya’s natural resource such as land, water sources and forests is a source of livelihood for a majority of the population in the state. The Project will help manage these depleting resources, by strengthening the communities and traditional institutions. Restoration of degraded landscapes under the project will increase water supply for local communities and improve soil productivity in the region.