Loan Agreements with World Bank for Industrial Pollution Prevention

The Government has signed loan agreements with the World Bank for Industrial Pollution Prevention (IPP) with the total cost of the project as Rs.339.26crores.

For the Industrial Pollution Prevention project, the contribution of the World Bank is Rs.288.68crores. The repayment period of the loan ranges upto 30-35 years commencing from December, 2020.

The IPP Project includes, the development of a framework for the establishment of a National Programme for Rehabilitation of Polluted Sites and to build the technical capacity of select State Pollution Control Boards for undertaking environmentally sound remediation action for the identified highly polluted sites.

The World Bank loan assistance alongwith Government of India and State Government contribution would be utilized for activities relating to remediation of highly polluted sites two in Andhra Pradesh and eight in West Bengal on pilot basis are undertaken.

KP