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 InformationSTRASBOURG, France: The President of the European Parliament, Roberta Metsola, has voiced the legislative body's support for appointing a United ...
MURCIA, Spain: Authorities said a nightclub fire over the weekend in the southeastern Spanish city of Murcia killed 13 people ...
SAN FRANCISCO, California: To resolve a pending litigation with the Oregon affiliate of the International Container Terminal Services Inc (ICTSI), ...
PANAMA CITY, Panama: On September 30, the Panama Canal said that due to a drought that has reduced the supply ...
TRIPOLI, Libya: Italy and Libya resumed commercial flights for the first time in ten years on September 30, with flight ...
SAINT GEORGE, Maine: A fire destroyed several waterfront buildings in Maine on September 29, including an art gallery with several ...
AMSTERDAM, The Netherlands: This week, Dutch competition regulator, the ACM, rejected an appeal by Apple against fines worth €50 million. ...
TOKYO, Japan: Tokyo-based startup Tsubame Industries has developed a four-wheeled robot that resembles the "Mobile Suit Gundam" from the popular ...
ISLAMABAD, Pakistan - According to The News, the federal government is considering selling its stake in the Reko Diq project ...
NEW YORK, NEW YORK - U.S. stocks tumbled on Tuesday as interest rates on 10 and 30-year Treasury yields approached ...
DUBLIN, Ireland: The chief medical officer has issued a stark warning regarding the alarming levels of cannabis consumption in Ireland, ...
OAKLAND, California: As their current contract expires and their unions prepare to strike, Kaiser Permanente workers' representatives said, on September ...