An agreement for credit of US $ 24 million (equivalent) from World Bank for Additional Financing for Uttarakhand Rural Water Supply and Sanitation Project was signed here today by Shri Nilaya Mitash, Joint Secretary, Department of Economic Affairs, Ministry of Finance on behalf of the Government of India and Mr. Micheal Haney, Acting Director, New Delhi office, World Bank on behalf of the World Bank.

Similarly the Project Agreement was signed by Ms. Sowjanya, Additional Secretary, Department of Drinking Water and Sanitation on behalf of the Government of Uttrakhand.

The objective is to improve the effectiveness of rural water supply and sanitation (RWSS) services through decentralization and restore services of damaged schemes in the disaster affected areas in the State of Uttarakhand.

Project Components: The additional Component D on RWSS disaster Mitigation Activities will comprise of the following sub components: Component D1: RWSS Sector Development (US$ 0.50 million). Component D2: Reconstruction and Restoration (US $18.79 million). Component D3: RWSS Program Management Support and M&E (US $ 4.71 million).

The closing date for the Project is June 30, 2015.

Credit agreement expands Uttarakhand rural water supply and sanitation financing, enabling disaster mitigation, reconstruction and program management. A Credit Agreement between the Government of India and the World Bank provides additional financing for the Uttarakhand Rural Water Supply and Sanitation Project to restore services in disaster-affected areas and enhance RWSS effectiveness via decentralization. Funding establishes Component D for disaster mitigation with subcomponents for Sector Development, Reconstruction and Restoration, and Program Management Support and Monitoring and Evaluation, and sets a project closing date for completion of financed activities.