Saturday, 21 July, 2018

World Bank extends $1billion assistance to Maharashtra

Melissa Porter | 02 March, 2017, 03:05

Mumbai: World Bank's chief executive Kristalina Georgieva travelled in the second class women's only compartment of a Western Railway suburban train from the busy stations of Churchgate to Dadar in Mumbai to experience the city's popular transportation service, officials said.

Mr. Das also held a one-on-one meeting with Ms. Georgieva to further discuss on the policy issues regarding World Bank funding. "Its economic growth influences global growth".

Under this project water conservation, change in agriculture pattern to boost productivity and to make these villages more resilient towards the changes in the climate due to climate change. "We are keen to work with the World Bank in these areas and explore future opportunities to deepen our engagement for an overall development of the state", said Fadnavis. Climate resilient practices such as seed diversification, drip irrigation, inter-cropping, precision agriculture, among others, will help improve water use efficiency, conserve moisture in soil during the long hot periods, and lower risks through crop diversification.

A team of World Bank officials visited Mumbai on Tuesday and held meetings with government officials.

She went on to visit Dharavi, Asia's largest slum and home to more than a million people.

Meanwhile, the state is already implementing two World Bank-funded projects - a $165 million rural water supply and sanitation programme, and a $100 million agriculture competitiveness project. "Its achievements in health and education contribute to the world achieving the Sustainable Development Goals", she remarked on her visit. The World Bank has also been an active partner through its Non Lending Technical Assistance activities, including the recent efforts on doing business.

The financial assistance will be used to fund the Rs 10,000 crore Mumbai Urban Transport Project-III (MUTP-III) project, which is aimed at increasing the existing capacity and decongesting the suburban rail network.