The Government of India and the World Bank will sign an agreement today for cleaning the Ganga River. The Project has an estimated cost of Rs 7,000 crore.
The share of the Government of India will be Rs 5,100 crore and that of the five state governments (Uttarakhand, Uttar Pradesh, Bihar, Jharkhand and West Bengal) will be Rs 1,900 crore. The World Bank will support the Government of India by providing technical assistance and finance. The assistance would be in form of a loan of $801 million from IBRD and a credit of $199 million from IDA.
The Ganga basin accounts for nearly one-fourth of the country’s landmass and the basin is home to more than 400 million people. The Ganga faces great challenges from expanding population, urbanization and industrial growth.
The project will also help boost the cruise tourism in the Ganga River.
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