Over two million urban residents in Tamil Nadu to benefit
WASHINGTON, March 31, 2015 – The World Bank today approved a $400 million loan for the Tamil Nadu Sustainable Urban Development Project to help strengthen the financial and administrative capacity of Urban Local Bodies (ULBs) in planning, financing and delivering services in a financially sustainable manner. It will also pilot best practices in urban management in select cities.
The project will focus on giving results-based grants to eligible ULBs in the state; invest in urban services such as water supply, sewerage, drainage, solid waste management, and urban transportation networks; and strengthen the capacity of ULBs to carry out reforms in the areas of urban finance and governance. Most of these components will be open to all ULBs who may wish to participate within an agreed framework under the project.
This is in keeping with the needs of a rapidly urbanizing state where about 35 million people reside in urban areas and account for 9.6 percent of India’s urban population.
“Tamil Nadu is a rapidly urbanizing state and a pioneer in many aspects of urban development. However, there is a huge unfinished reforms and investment agenda for the state,” said Onno Ruhl, World Bank Country Director in India. “This project will help empower urban local bodies in Tamil Nadu mobilize resources and improve service delivery functions as it moves from interventions such as building city roads to more complex work such as constructing sewerage systems.”
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