World Bank releases 220 million dollar for Kosi flood victims
Patna | Wednesday, Jan 12 2011 IST
The World Bank today sanctioned 220 million dollar to the Bihar government for the Kosi Recovery Projects, which aims to support flood recovery efforts, reduce risks from flooding and boost emergency response in the event of future disasters.
An agreement was signed between World Bank and Bihar government in presence of Chief Minister Nitish Kumar and and World Bank Group President Robert B Zoellick besides senior officers of the state government and the Centre.
Speaking on the occasion, Mr Kumar said, ''An extraordinary momentum has led to significant development in several key sectors in the state but a lot remains to be done.'' ''A large portion of the state's rural population remains vulnerable to floods each year. The World Bank and the Bihar government are keen to build on our strong partnership developed over the period of past five years. We welcome an expanded engagement with the Bank on disaster management as well as in other key areas of economic development,'' he added.
In his remark, Mr Zoellick said, ''The floods caused a terrible toll on people of Bihar in Kosi region and two years on, despite vigorous relief, efforts, many people still remain in temporary shelters unable to earn a living, isolated by destruction of roads and bridges''.
''With a large proportion of people vulnerable to flooding each year, this project marks the start of a new phase in our relations with Bihar to help meet the state's longer term need for comprehensive disaster management,'' he further added.
Giving details about the steps taken by the state government, Mr Kumar said loan provided by the world bank would be utilised for reconstruction of damaged houses, roads and culverts.
-- (UNI) -- 12CA15.xml
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