ANI
25 Mar 2023, 15:55 GMT+10
New Delhi [India], March 25 (ANI): The World Bank has approved a USD 108 million loan to help Assam improve disaster preparedness and enhance flood forecasting.
According to a release from the multilateral bank, the project will benefit around 6 million people and is part of a larger USD 500 million investment program for the state.
The Assam Integrated River Basin Management Project will help the state reduce vulnerability to floods and river erosion by building green infrastructure in the Beki and Buridehing river basins, protecting around 100,000 people.
The project will also help strengthen the state's response to disasters through improved flood forecasting and accurate early warning systems, including mobile alerts.
It will provide safer evacuation and shelter facilities including access to climate-resilient flood shelters to at least 10,000 people, the release said.
The project will also help government agencies to respond faster during crisis with upgraded state and district emergency operational centers.
"The 2022 floods adversely impacted millions of people in Assam," said Auguste Tano Kouame, the World Bank's Country Director for India.
"This project will build on Assam's disaster risk management approach thus contributing to climate-resilient growth while protecting lives and property for the people of Assam."The project will support Assam tackle the immediate challenges of floods and erosion while also helping manage its complex river systems.
The Brahmaputra River system is the economic lifeline of Assam and a critical part of the state's rich natural resources and cultural heritage. But flooding, riverbank erosion, sedimentation and loss of biodiversity have significant economic and environmental impacts on the state, leading to loss of livelihoods for its people.
The government of Assam, according to World Bank, has projected an increase in extreme rainfall events by 5-35 per cent and an increase in the rise of flood events by more than 25 per cent due to climate change.
"Water resource management combined with disaster preparedness is a critical way to protect natural resources and increase economic growth," said Greg Browder, Anup Karanth, and Satya Priya, the Task Team Leaders for the project. "The project will contribute to designing climate resilient villages and develop flood shelters that provide sufficient space for community members and livestock."The USD 108 million loan from the World Bank arm International Bank of Reconstruction and Development (IBRD) has a maturity of 11.5 years and a grace period of 4 years. (ANI)
Get a daily dose of Europe Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Europe Sun.
More InformationWASHINGTON D.C.: The Federal Aviation Administration has said that a drone sighting disrupted some flights at Pittsburgh International Airport this ...
PORTLAND, Oregon: A federal trial has begun in Portland, Oregon examining the constitutionality of a stringent gun control law approved ...
PHILADELPHIA, Pennsylvania: Philadelphia Mayor Jim Kenney and members of the city's historical commission have been sued by a group which ...
LANSING, Michigan: Michigan's Department of Natural Resources said by a wildfire in the state has burned through more than 3 ...
ISTANBUL, Turkey: In an interview with Reuters, Willie Walsh, director-general of the International Air Transport Association, (IATA), said airlines are ...
SACRAMENTO, California: Sixteen migrants from Venezuela and Colombia, who had entered the United States through Texas, were transported to California ...
FREMONT, California: Elon Musk's brain implant startup Neuralink, valued at some $2 billion during a private fundraising round two years ...
NEW YORK, New York - U.S. stocks moved higher Thursday as investors and traders took a break from their recent ...
LISBON, Portugal: Carsten Spohr, Chief Executive of Lufthansa, has said that as Portugal's government is still debating whether to sell ...
NEW YORK, New York - U.S. stocks were divided on Wednesday, with the technology and industrial sectors parting ways.Tech stocks ...
HOLLYWOOD, California: More than tripling the debut of its 2018 animated original predecessor, Sony Pictures' "Spider-Man: Across the Spider-Verse" opened ...
PARIS, France: European plane manufacturer Airbus is reported to be close to a record agreement to sell 500 narrow-body jets ...