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World Bank Provides Nepal With Rs 8.88 billion For Two Projects
By KTM Metro Reporter
July 13, 2012: the International Development Association (IDA): the soft loan providing arm of the World Bank has agreed on providing Nepal with Rs. 8.88 billion (US$ 100 million) for the implementation of Bridge Improvement and Maintenance Program and Golden Hundred Days Community Action for Nutrition Project. Out of the total amount of the loan, Rs. 5.33 billion is for Bridge Improvement and Maintenance Program; the balance amount of Rs. 3.55 billion including the grant amount is for Golden Hundred Days Community Action for Nutrition Project, according to the news posted on nepalnews.com.
Joint Secretary to Ministry of Finance Lal Shanker Ghimere and Acting Country Manager of the World Bank, Nepal, Bigyan Pradhan signed of two individual agreements to this effect on behalf of their respective institution at the Ministry of Finance today.
The Bridge improvement and Maintenance Program is for constructing 121 new bridges and maintaining 89 bridges that urgently needed maintenance, 242 bridges that did not need so urgent maintenance, and 95 minor bridges. The program ends on July 15, 2017.
The Golden Hundred Days Community Action for Nutrition Project is for improving the attitudes and practices of nutritional outcomes known to the women of reproductive age and children of under the age two. The project ends on June 30, 2017, according to the news posted on nepalnews.com.
