India’s $960 Million Drinking Water Project Gets World Bank Aid

Jan 02, 2014 12:31 pm ET

Jan. 2 (Bloomberg) -- The World Bank is helping offset almost half of the costs of a $960 million drinking-water project to bring piped supplies to rural residents of four low- income states in India, the government said today.

Women and children will benefit in particular from the project in the states of Assam, Bihar, Jharkhand and Uttar Pradesh “as they currently bear most of the burden of securing daily water supplies,” India’s Cabinet Committee on Economic Affairs said in a statement.

The 12th five-year plan for rural water supplies envisions raising piped water coverage to 50 percent of India’s non-urban population with 30 percent of the rural residents having household tap connections. The national and state governments will supply almost all of the remaining project costs. The government of India will repay the $500 million extended as credit by the World Bank over a 25-year period, it said.