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Add to Preferred SourcesThe World Bank Board approved a $147 million loan to provide basic urban services to the people of Jharkhand and help improve the management capacity of the urban local bodies (ULBs) in the state.
The Jharkhand Municipal Development Project will focus on improving the municipal sector’s capacity to provide basic urban services. It will invest in urban services such as water supply, sewerage, drainage, and urban roads; and strengthen the capacity of the Jharkhand Urban Infrastructure Development Company (JUIDCO) as well as that of the ULBs to carry out reforms in the areas of urban finance and governance.
This is in keeping with the needs of a rapidly urbanizing state where about 31 million people reside in urban areas and urban population growth in nine of 24 districts in Jharkhand is above India’s overall urbanization pace of 2.7 percent.
Most of these components will be open to all 43 ULBs in the state who may wish to participate within an agreed framework under the project. Over 350,000 urban residents of the participating ULBs are expected to benefit, of which at least 45 percent will be women.
Interventions such as piped water supply, stormwater drains, climate-friendly road construction and energy efficient street lighting will not only help improve urban services but also make it environmentally sustainable.
“Jharkhand needs large-scale investments in urban infrastructure and services. Such investments will require a phased approach. This project will focus on closing the gap on access to basic services and at the same time build the capacity of its institutions to better manage and provide services effectively,” said Vasudha Thawakar and Abhijit Sankar Ray, Senior Urban Development Specialists and Task Team Leaders for the project.
The loan, from the International Bank for Reconstruction and Development (IBRD), has a 7-year grace period, and a final maturity of 22.5 years.
Original source: World Bank
Published on 12 December 2018