World Bank to provide USD 400 mn to enhance support for rejuvenating Ganga

NEW Delhi: The World Bank on Tuesday said it will provide USD 400 million assistance to enhance support for the Namami Gange programme that seeks to rejuvenate the Ganga river.

The Second National Ganga River Basin Project (SNGRBP) will help stem pollution in the iconic river and strengthen the management of the river basin, it said in a release.

“The USD 400 million operation comprises a loan of USD 381 million and a proposed guarantee of up to USD 19 million,” it said.

The agreement for the USD 381-million loan was signed on Tuesday by Sameer Kumar Khare, additional secretary in the Department of Economic Affairs on behalf of the Government of India and Qaiser Khan, acting country director, India, on behalf of the World Bank. (AGENCIES)