World Bank approves USD 680 mn loans for 3 projects of Assam

Key Highlights

• The project will improve connectivity with improved transport and logistics hubs that have truck bays, container bays, taxi and bus bays, and electric vehicle charging points, it said.
• About USD 250 million loan has been allocated for School Education and Adolescent Wellbeing Project for improving learning outcomes for more than 2 million primary school students across the state and prepare another 2 million adolescents (aged 10-19) for jobs with life-skills training and enhanced curriculum, including multilingual classes.
• The Assam Governance and Service Delivery Program worth USD 80 million will help strengthen public financial management, including the allocation and spending of public resources, delivery of administrative services to both people and businesses and the data ecosystem in Assam.
• “The Assam Disaster Resilient Hill Roads Development Project has a final maturity of 16 years including a grace period of three years; the Assam: School Education and Adolescent Wellbeing Project has a final maturity of 16 years including a grace period of three years; and the Assam Governance and Service Delivery Program for Results has a final maturity of 16 years including a grace period of three years,” it said.
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