Monday, June 23, 2025
  • Home
  • About us
  • Privacy policy
  • Advertise with us
  • Contact us
Fii News Logo
No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Newsletter
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Fiinews
No Result
View All Result
Home Projects

World Bank supports DVCA project with $145m loan

Fiinews by Fiinews
May 16, 2020
in Projects, Tenders
Reading Time: 3 mins read
A A
0
StandUpIndia
0
SHARES
10
VIEWS
LinkedinShare on Twitter

0:00

Modernization of project in flood-prone area

The World Bank has signed a US$145 million loan agreement with the Governments of India and West Bengal to improve irrigation services and flood management in the Damodar Valley Command Area (DVCA) in West Bengal.

The West Bengal Major Irrigation and Flood Management Project will benefit about 2.7 million farmers from five districts of West Bengal across 393,964 ha area with better irrigation services and improved protection against annual flooding to mitigate the impact of climate change.

The agreement was signed on 15 May 2020 by Sameer Kumar Khare, Additional Secretary, Department of Economic Affairs, on behalf of the Government of India; Krishna Gupta, Principal Resident Commissioner, on behalf of the Government of West Bengal and Junaid Ahmad, Country Director, India on behalf of the World Bank.

Khare explained that India is adopting a strategic growth path that uses and manages its water resources more efficiently.

The project will assist in improving irrigation and agriculture in the Damodar Valley Command Area, by optimizing the use of surface and groundwater and strengthening flood management, which will help boost agricultural productivity and increase incomes in rural areas.

The DVCA is over 60 years old, and in need of modernization. Key challenges include degradation of infrastructure and inadequate irrigation management, including poor quality of service delivery, inefficient irrigation and the failure to serve the middle and tail parts of the canal network with surface water.

Tail end farmers are compelled to extract groundwater, which increases the costs of cultivation and undermines the sustainability of the scheme. Between 2005 and 2017, the number of semi-critical blocks increased from five to 19 (out of a total of 41 blocks).

The Lower Damodar basin area is historically flood-prone. On average, 33,500 hectares of the cropped area and 461,000 people are affected annually. This downstream part of the project area lacks the infrastructure to protect against recurrent flooding. The project will invest in measures to reduce flooding, including strengthening of embankments and desilting.

Junaid Ahmad said West Bengal has invested significant resources in developing its irrigation infrastructure. However, many of these assets perform below potential. The project will support the state’s efforts in creating modern and resilient irrigation infrastructure so that more farmers can diversify and shift to higher value crops in the coming years.

To deal with these challenges, several institutional reforms are planned under the project. These include introduction of a modern Management Information System (MIS), benchmarking and evidence-based decision making, promotion of conjunctive use of surface and groundwater, introduction of rational asset management and improving transparency through citizen engagement. Irrigation Service Providers will be recruited on a performance basis to improve the quality of irrigation services.

The total value of the project is US$413.8 million, co-financed between IBRD ($145 million), the Asian Infrastructure Investment Bank ($145 million) and the Government of West Bengal ($123.8 million).

The US$145 million loan from the International Bank for Reconstruction and Development (IBRD), has a 6-year grace period, and a maturity of 23.5 years. fiinews.com

Tags: The World Bank
ShareTweetShare

Related Posts

Oreda
Tenders

Tender: Odisha to develop 5,000 MW renewables

by Fiinews
June 23, 2025
0
17

Dexian proposes PIMIS for implementing projects Odisha aims to add over 5,000 MW of renewable energy capacity by 2030, through...

MNRE
Tenders

Tender: Rooftop solar boosting program launched

by Fiinews
June 23, 2025
0
13

Phase-I will be in 30 cities across 10 states, says Sarangi A City Accelerator Program to boost rooftop solar adoption...

Tech: BSNL Quantum 5G FWA soft launched

June 22, 2025
13
Steel Cutting Of Navy Ship

Project: HSL holds FSS steel cutting ceremony

June 22, 2025
13
PIB

Tender: PM officiates on Rs18600cr Odisha projects

June 22, 2025
14
PIB

Project: Anti-Submarine INS Arnala commissioned

June 20, 2025
21
SBI YONO

POPULAR NEWS

  • Cristina Dnv

    Projects: Indian yards set to build green ships, says DNV expert

    0 shares
    Share 0 Tweet 0
  • Market: Indian-origin UGF scales heritage consumer brands globally

    0 shares
    Share 0 Tweet 0
  • Technologies: Royal Diamond sponsors aerspace Industries’ drones in UAE

    0 shares
    Share 0 Tweet 0
  • Investments: Foreign investors see India as long-term destination for fund placings

    0 shares
    Share 0 Tweet 0
  • Markets: Blue Dart maintains positive outlook on India

    0 shares
    Share 0 Tweet 0

Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

7Clicks Media is a Singapore based Media & PR company offering over 100,000
impressions via our targeted communication strategy.

It is led by editor-in-chief Gurdip Singh who has worked over 45 years reporting on
Asian businesses.

Recent News

  • Tech: Vexoo Labs builds factual AI for MSMEs
  • Export: New rules imposed on material imports
  • Tech: HCLTech to enhance operations at Just Energy
  • Tender: Odisha to develop 5,000 MW renewables
  • Invest: Campus Fund backs first-time founders

Pages

  • About US
  • ADVERTISE ON FIINEWS.COM
  • CONTACT US
  • EVENTS
  • FII-NEWS.COM PDF ARCHIVE
  • Home
  • News
  • PRIVACY POLICY

Subscribe to Newsletter

  • About
  • Advertise
  • Careers
  • Contact us

© 2024 FIINEWS - Design and developed by 7clicksmedia.

No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports

© 2024 FIINEWS - Design and developed by 7clicksmedia.