India: Rajasthan Water Sector Restructuring Project

The following project was approved today by the World Bank's Board.

CREDIT AMOUNT: IDA—US$140 million equivalent
TERMS: Grace Period = 10 years, Maturity = 40 years
PROJECT DESCRIPTION: The project will promote more sustainable development and use of the state's water resources by improving water resource management, generate additional jobs by increasing the involvement of users, and improve productivity by working more with the private sector. The project aims to benefit an estimated 250,000 farm families and to stimulate additional demand for labor estimated at about 29,000 jobs per year, equivalent to about 8.7 million persons per year. This is especially important for Rajasthan, as the rural sector accounts for 77 percent of the population, the majority of which are poor. For more information, please call Kruti Kapadia at (202) 458.9031, fax at (202) 522.0321, or e-mail kkapadia@worldbank.org