Bhubaneswar odisha, The
Loan Agreements for World Bank (International Development Association {IDA})
assistance of US$ 153 million for Odisha Disaster Recovery Project were signed
here today between the Government of India and the World Bank.
The Financing Agreement was signed by Nilaya Mitash, Joint Secretary,
Department of Economic Affairs on behalf of Government of India and Mr. Michael
Haney, Acting Country Director (India), World Bank on behalf of the World Bank.
The Project Agreement was signed by Upendra Nath Behera, Additional Chief
Secretary on behalf of the Government of Odisha. Officers of the Finance
Ministry along with the representatives from the State Government and the World
Bank were also present on the occasion.
The Objective of the
project is to restore and improve housing and public services in targeted
communities of Odisha, and increase the capacity of the State entities to
respond promptly and effectively to an eligible crisis of emergency.
Direct beneficiaries of the Project include population of the coastal areas in
Ganjam, Puri and Khordha affected by the cyclone that will be part of the
housing reconstruction programme, about 150,000, of which about 50% are female,
and about 30,000 inhabitants of selected slums in Berhampur, of which about 50%
are female. In addition, the total population of Berhampur, around 350,000,
will benefit either directly or indirectly from the improvements expected to
result from the master plans, as well as the totality of the 42 million
inhabitants of the State as a result from increased capacity to manage and
respond to disasters.
The project will have five components which are (I) Resilient Housing
Reconstruction and Community Infrastructure, (II) Urban Infrastructure in
Berhampur, (III) Capacity Building for Disaster Risk Management, (IV)
Implementation Support, and (V) Contingent Emergency Response.
The Project focusses on
enhancing the disaster risk management systems. In addition, it will help build
institutional capacity to prepare for and manage the impact of natural
disasters and help people protect themselves from natural disasters and recover
quickly from them. The Project will be implemented over a period of 5
years. The Government of Odisha is the implementing agency of the Project.
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