A.P. signs Rs.1587-cr credit agreement with World Bank

HudhudThe Andhra Pradesh Government has signed a major credit agreement with the World Bank for the AP Disaster Recovery Project aimed at restoring, improving and enhancing the resilience of public services and livelihoods of communities affected by Hudhud in the State.

The State Government has signed an agreement with World Bank for getting a credit of $ 250 million (Rs.1587.01 crore) for the AP Disaster Recovery Project to restore, improve and enhance the resilience of public services and livelihoods of communities affected by the Hudhud in the State.

The agreement was signed by Selva Kumar, acting joint secretary of Department of Economic Affairs on behalf of the Central Government, State Revenue Department Principal Secretary J.C. Sharma and World Bank (India) country director Onno Ruhl.

The project is aimed at restoring the damages caused to roads and public infrastructure including environmental services and facilities besides increasing the resilience of power infrastructure.

Though the Government was proactive in evacuating close to 2.5 lakh people from low-lying areas and limited the death toll to 61, it caused major damage in 26 cities and towns in the four districts affecting about 9.2 million people.

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