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LOANS & CREDITS

World Bank Approves US$ 250 Million for Bihar Kosi Basin Development Project, India

December 11, 2015

World Bank News Release: Loan and Credit Summary

WASHINGTON, December 8, 2015 - The World Bank’s Board of Executive Directors today approved the following project:

India – World Bank Approves US$ 250 Million for Bihar Kosi Basin Development Project

IDA Credit: $250 million equivalent

Terms: Maturity = 25 years, Grace = 5 years
Single currency credit and variable interest rate (LIBOR+Fixed Spread)

Project ID: P127725

Project Description: To address the long-term challenges of enhancing flood management capacity and agricultural production in the Kosi River Basin, building on the ongoing reconstruction work that started following the 2008 Kosi river floods.

 


Media Contacts
In India:
Nandita Roy
Tel : +91-11-41479220
nroy@worldbank.org
In Washington:
Yann Doignon
Tel : +1 (202) 473-3239
ydoignon@worldbank.org

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