World Bank to loan $250mn for Jhelum, Tawi Flood Recovery plan

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The World Bank will help the Government fund the Jhelum and Tawi Flood Recovery Project and will tender a loan worth USD 250 million for it.

“The (Central) Government and the World Bank today signed a USD 250 million credit agreement under the Jhelum and Tawi Flood Recovery Project for reconstruction and recovery support in flood-affected areas in which public infrastructure and livelihoods were impacted severely,” World Bank said in a statement today.

The Jhelum and Tawi Flood Recovery Project will focus on 20 flood-affected districts — Anantnag, Baramula, Budgam, Bandipora, Ganderbal, Kupwara, Kulgam, Pulwama, Shopian, Srinagar, Jammu, Samba, Kathua, Reasi, Doda, Kishtwar, Ramban, Poonch, Rajauri and Udhampur. (AGENCIES)

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