India Signed
Financing and Project Agreements with World Bank for Disaster Management
The Union Government of India, the Government of Tamil
Nadu and the Government of Puducherry signed the Financing and Project
Agreements for World Bank assistance (IDA assistance) of 236 million US Dollar
with the World Bank on 11 November 2013.
The agreements were signed for Tamil Nadu-Puducherry
Coastal Disaster Risk Reduction Project (CDRRP).
The objective of the Project is to increase the
resilience of coastal communities in Tamil Nadu and Puducherry, to a range of
hydro-meteorological and geophysical hazards along with improving project
implementation entities’ capacity to respond promptly and effectively to an
eligible crisis or emergency.
The Project will have five components, which are-
(i)
Vulnerability Reduction;
(ii) Sustainable Fisheries;
(iii) Capacity building in
Disaster Risk Management;
(iv) Implementation Support; and
(v) Contingency
Emergency Response.
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