India: Additional Financing Karnataka Community Based Tank Management Project

WASHINGTON, September 25, 2007 - The following project was approved today by the World Bank’s Board of Executive Directors:

 

IBRD LOAN: US$32 million

TERMS: Maturity = 20 years; Grace = 5 years.

IBRD CREDIT: US$32 million

TERMS: Maturity = 35 years; Grace = 10 years.

PROJECT DESCRIPTION: The objectives will remain the same as the original project, to improve rural livelihoods and reduce poverty by developing community-based approaches to improving and managing tank systems. The additional financing is expected to facilitate sustainable tank development, ensure meaningful participation of traditionally marginalized tank users, increase agricultural productivity and farm income, and enhance income generating opportunities for non-command area tank users.

 

For more information, please call Erik Nora at (202) 458-4735 or email:

enora@worldbank.org