Orissa, WB to sign Rs546 cr agreement for OCTMP project

Orissa, WB to sign Rs546 cr agreement for OCTMP project
PTI
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First Published: Mon, Jan 19 2009. 04 57 PM IST
Updated: Mon, Jan 19 2009. 04 57 PM IST
Bhubaneswar: The Orissa government is giving final shape to an agreement to be signed with the World Bank this month for implementing a Rs546 crore Orissa Community Tank Management Project (OCTMP).
Though the project had already got approval of the World Bank’s board of executive directors in September, 2008, the formal agreement would be signed by the end of this month, Orissa’s Water Resources Secretary Suresh Chandra Mohapatra told PTI.
A World Bank delegation along with state government officials today held discussion here to give final shape to the agreement to be signed in the last week of this month in Delhi.
The state government had, meanwhile, released Rs50 crore from its own resources for the purpose. “In fact, we have started work in developing about 25 water tanks used for minor irrigation”, Mohapatra said.
“The project is expected to increase productivity in agriculture, livestock and fisheries”, Mohapatra said, adding that the OCTMP would also promote more effective and sustainable management of tank system.
Under the project, to be implemented through water resources development department, as many as 900 irrigation tanks would be rehabilitated covering a cultivable area of 1,20,000 hectares spread over 29 of the 30 districts of the state.
The financial assistance from the bank would be availed both in credit and loan.
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First Published: Mon, Jan 19 2009. 04 57 PM IST