World Bank said its board of executive directors has approved a USD 150 million (about Rs 1,112 crore) programme to support Tamil Nadu's vision of making Chennai into a world-class city that is more green, livable, and resilient to climate change
World Bank approves USD 150 mn loan for Tamil Nadu dtnext.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dtnext.in Daily Mail and Mail on Sunday newspapers.
The Tamil Nadu government is in the process of setting up a Water Regulatory Authority (WRA), and contemplating a Water Act too. Sources in the Government informed IANS that the process is on and this is being formulated after the World Bank .
Tamil Nadu to set up Water Regulator as part of World Bank reforms dtnext.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dtnext.in Daily Mail and Mail on Sunday newspapers.
February 23, 2021
The World Bank funded Chennai City Partnership formulated as a unique model of development co-operation will be implemented in three phases over a period of seven years.
In the first phase, the programme will be implemented with an outlay of ₹3,140 crore of which the World Bank funding assistance will be $300 million, said O Paneerselvam, Deputy Chief Minister, while presenting the interim budget 2021-22.
In the first phase, the focus is on strengthening governance, policies and institutions. The Chennai Urban Metropolitan Transport Authority has been revamped and the Act amended.
A Water Authority to co-ordinate water resource planning and improve water security will be established. Enhancing quality and access to primary health services in Greater Chennai Corporation, expansion and improvement of bus services by the Metropolitan Transport Corporation and of water supply by the Chennai Metropolitan Water Supply and Sewerage Board, strengthening the financial