World Bank to Fund Indian Reservoir Project

The World Bank has agreed to provide INR20bn ($426m) to help modernise Nagarjuna Sagar, a multi-purpose reservoir in the Indian state of Andhra Pradesh.

The remaining INR24bn ($509m) of the INR44bn ($935m) project will be borne by the state government.

The fund will modernise ageing canal systems built more than 50 years ago and improve irrigation systems.

The project is expected to be completed in six years, according to ians.in.