World Bank & ADB to provide $ 400m to disaster-hit Uttarakhand

The World Bank and the Asian Development Bank (ADB) will provide $ 400 million for reconstruction and rehabilitation in the disaster-hit areas in Uttarakhand. The fund would be spent in works in sectors including the housing, tourism, irrigation, agriculture, education, and health sector.

Of the total money received, 95 million would be spent in the construction of roads. Also, 20 million would be given to the five hydro-power projects that are funded by the ADB and have been damaged due to the recent flood-disaster.