WB may okay Rs. 5,000 cr for projects in state | lucknow | Hindustan Times
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WB may okay Rs. 5,000 cr for projects in state

lucknow Updated: Sep 29, 2012 13:57 IST
HT Correspondent
HT Correspondent
Hindustan Times
World Bank

The World Bank may fund more projects in the energy, road and infrastructure sectors in Uttar Pradesh.

The possibility arose after a World Bank team, led by country director Onno Ruhl, met chief secretary Jawed Usmani and other senior officers of the state government before winding up its two-day visit.

Requests for Rs. 20,000 crore for 11 projects were made before the team. There were positive indications that the World Bank may approve Rs. 5,000 crore for some of these projects. “Yes, WB team’s visit ended successfully. We hope the state government and the WB will have more cooperation in the coming days,” said Bhuvnesh Kumar, secretary, externally aided projects.

Sources said the WB team assured the state government of $10 million (Rs. 54 crore) assistance to provide technical support to prepare new projects. The state government had submitted three projects for World Bank funding in power generation, distribution and transmission sectors.“The World Bank has decided to conduct a study in 10 districts about the functioning of the Restructured Accelerated Power Development and Reforms Programme (R-APDRP). This study will be completed in the next six months. The WB will consider funding the power sector projects on the basis of the study,” said a senior officer of the state government. The sources said the WB team was keen to know about the Bus Rapid Transit System (BRTS) that the state government proposes to introduce in Lucknow.

“A feasibility study of the project would be conducted soon and the WB would ready to join the project at any stage,” said another officer.The state government had also proposed solid waste management projects for 176 towns in the state. “About 28 projects are already running in the state and the WB has decided to send a technical team next month,” said another officer. The WB team suggested that the state government could get in touch with the International Finance Corporation (IFC) for funding projects in the tourism development sector. The WB team suggested that the state government could get in touch with the IFC for funding the projects in the tourism development sector.

Though the state government had submitted a proposals for a $190 million dollar groundwater project, the WB suggested that a smaller project could be incorporated in the UP State Water Sector Restructuring Project-II.