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You are here: Home » National News » Supply Chain» WB offers over USD 1 billion loan to Maharashtra

WB offers over USD 1 billion loan to Maharashtra

01 March 2017 | Mumbai
 

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The World Bank (WB) has announced an assistance programme of over USD 1 billion in the areas of urban transport and climate resilient agriculture in Maharashtra, over the next 2-3 years.

This was announced by the World Bank’s Chief Executive Officer, Kristalina Georgieva, at the end of a day-long visit to the city.

Over the last five years, World Bank had invested over USD 1.4 billion in Maharashtra in urban transport, rural water supply and agriculture.

Chief Minister Devendra Fadnavis said, “The Government of Maharashtra is committed to sustaining high economic growth for its people. The State faces significant challenges, particularly in the areas of urban transport, climate change and water.”

He added that “We are keen to work with the World Bank in these areas and explore future opportunities to deepen our engagement for the overall development of the state.”

   
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