World Bank Nod To Rs 1,100 Crore Loan To Transform Chennai

World Bank has also given its nod to nearly Rs 300 crore project which will improve the quality of health services in Meghalaya

The World Bank today said its board of executive directors has approved a USD 150 million (about Rs 1,112 crore) programme to support Tamil Nadu's vision of making Chennai into a world-class city that is more green, livable, and resilient to climate change.

Besides, the World Bank has given its nod to a USD 40 million (around Rs 296 crore) project which will improve the quality of health services in Meghalaya and strengthen the state's capacity to handle health emergencies, including the COVID-19 pandemic.

The USD 150 million ''Chennai City Partnership: Sustainable Urban Services Program'' will help strengthen institutions, improve the financial health of service agencies, and drive significant improvements in the quality of four key urban services -- water supply and sewerage, mobility, health, and solid waste management, the World Bank said in a statement.

Chennai Metropolitan Area, home to about 10.9 million people, is India's fourth most populous metropolitan area.