World Bank Approves Indian Water Project Loan

The World Bank has approved a loan of $372m to fund two water projects in India.

The International Development Assistance (IDA) consists of $150m credit for the ongoing Karnataka Rural Water Supply (KRWSS) and Sanitation Project and $222m for the Integrated Coastal Zone Management Project.

The KRWSS is part of a long-term programme assisted by the World Bank to increase drinking water access to the rural communities in the state of Karnataka.

The additional assistance from the World Bank will ensure drinking water access to an additional four million people in 1,650 villages.

The funding for the Integrated Coastal Zone Management Project will be given to three coastal states of Gujarat, Orissa and West Bengal to support the livelihood of coastal communities.

The World Bank funding, along with complementary local investments, covers intervention in the cleaning up of beaches, sewerage and solid waste management, regeneration of coral reefs and mangrove plantation.