New Delhi, India: The Asian Development Bank (ADB) and the Government of India signed an agreement for the first tranche loan of USD 56.9 million under the USD 120 million Assam Integrated Flood and Riverbank Erosion Risk Management Investment Programme.
In addressing flood and river erosion problems, the programme envisages to introduce a range of innovations, including the application of the latest cost-effective and sustainable technologies of bank protection with geo-textile fabrics, proactive risk mitigation through erosion prediction modelling using remote sensing, and community participation through local disaster management committees, among others.
The project would help to mitigate the disruption to life and livelihoods and the huge economic losses that are caused by floods in the Brahmaputra River. The MoA was signed by Joint Secretary (Multilateral Institutions), Department of Economic Affairs, Ministry of Finance, Venu Rajamony, on behalf of the Government of India, ADB Country Director for India, Hun Kim, and Chief Executive Officer, Assam Integrated Flood and Riverbank Erosion Risk Management Agency and Commissioner, RS Prasad, signed on behalf of the Assam State Government in India.
The Multi-tranche Financing Facility of USD 120 million for the investment programme was sanctioned in October, 2010 to enhance the reliability of flood and river erosion protection infrastructure and management systems in key urban, suburban, and rural areas along the Brahmaputra river in Dibrugarh, Kamrup (near Guwahati), and Golaghat (upstream of Kaziranga National Park) districts.
The first tranche loan would focus on the most vulnerable reaches and upgrade existing embankments, provide riverbank protection works where required, and help collect critical data and information. Work under the first loan is expected to be completed by September, 2014.
Source: Assam Tribune