WASHINGTON, September 30, 2008- The following project was approved today by the World Bank’s Board of Executive Directors: IBRD Loan Amount: US$56 million Terms: Maturity = 30 years; Grace = 5 years IDA Credit Amount: SDR 34.5 million (US$56 million equivalent) Terms: Maturity = 35 years; Grace = 10 years Project Description: The project will rehabilitate some 900 irrigation tanks covering a cultivable area of about 120,000 hectares spread across 29 districts of the state. The project will support improvements in production technologies and management practices, and promote better market linkages. It will also strengthen community-based institutions, enabling them to assume greater responsibility for tank management. This is expected to increase productivity in agriculture, livestock and fisheries, and promote more effective and sustainable management of tank systems. Media Contact Erik Nora (202) 458 4735 enora@worldbank.org For project documents, please visit: http://web.worldbank.org/external/projects/main?pagePK=64283627&piPK=73230&theSitePK=40941&menuPK=228424&Projectid=P100735 |
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