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India Signs Financing Agreement with World Bank for US 104.00 Million for Additional Financing Under National Cyclone Risk Mitigation Project-I

Dated:- 12-8-2015 - The Financing Agreement for World Bank (IDA) assistance of US$ 104.00 million for Additional Financing under National Cyclone Risk Mitigation Project-I (NCRMP-I) was signed between Government of India and the World Bank. The Financing Agreement was signed by Mr. Raj Kumar, Joint Secretary, Department of Economic Affairs on behalf of the Government of India and Mr. John Blomquist, Program Leader and Acting Country Director in India, on behalf of the World Bank. The Project Agr .....

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f coastal communities to cyclone and other hydro meteorological hazards in Andhra Pradesh and Odisha. The Additional Financing under NCRMP-I, through its different components, will provide both direct and indirect benefits to the coastal communities in the States of Andhra Pradesh and Odisha. It would also provide improved access to emergency shelter and evacuation against wind storms, flooding and storm surge in high risk areas currently not covered by the original project (NCRMP-I). The projec .....

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