Jammu and Kashmir Government launches Jhelum-Tawi Flood Recovery Project
Jammu and Kashmir Government has launched Jhelum-Tawi flood recovery project to give push to the reconstruction and rehabilitation of infrastructure post-2014 floods in the state.
The project which is funded World Bank was formally launched Chief Minister Mehbooba Mufti in Srinagar.
- The project was conceptualised and pursued by former Chief Minister Mufti Muhammad Sayeed in the aftermath of devastating floods of 2014 in the state.
- It aims at reconstructing and recovering support in flood-affected areas in which public infrastructure and livelihoods were impacted severely.
- It will focus on 20 flood-affected districts in state. As a follow up the Union Government and World Bank had signed a $250 million credit agreement for the project.
- The loan was provided by International Development Association, the World Bank’s concessionary lending arm. It has maturity of 25 years, including a 5 year grace period.
In September 2014, continuous unprecedented heavy rainfall had caused Jhelum, Chenab and Tawi rivers and their tributaries to flow above the danger mark. These overflowing rivers had flooded the catchment areas, particularly low lying ones for more than two weeks. It had severely affected livelihoods and had damaged the basic infrastructure in the state.
Categories: India Current Affairs 2017