Mumbai, March 1: The World Bank has announced the investment of over $1 billion. Also it aims to deliver assistance programme and guide through projects in the areas of urban transport and climate resilient agriculture in Maharashtra, over the next 2-3 years.Kristalina Georgieva, CEO of World Bank made an announcement during the meeting saying that this was one of the highest engagements by World Bank in India. The meeting was held at Sahyadri Guest House on Tuesday night where Chief Minister Devendra Fadnavis was present.
"Over the last 5 years, the World Bank has invested over 1.4 billion USD in Maharashtra in the areas of urban transport, rural water supply and agriculture, said Kristalina Georgieva. She traveled through the local train and had an interaction with the commuters to understand the challenges and opportunities for improving the public transport system.
"To meet the aspirations of Mumbaikars, some of whom I met today, the city will have to make massive investments in transport infrastructure. The bank is committed to support the government's efforts in this area through investments that strengthen the government's capacity to leverage additional funds, including those from the private sector," she said.
To this Chief Minister Devendra Fadnavis said that the state government was committed to ensure high economic growth for its people. The state faces significant challenges, particularly in areas of urban transport, climate change and water. We are keen to work with the World Bank in these areas and explore future opportunities to deepen our engagement for overall development of the state, he added.
World Bank was also committed to help the state develop climate resilient agriculture practices in drought prone regions. She also visited a school in Dharavi to see how Mumbai's administrators were striving to ensure basic services for all its residents, one third of whom live in slums.