Tuesday, October 3, 2023
  • CONTACT US
  • ABOUT US
  • TERMS OF SERVICE
Kashmir Glacier
  • News
    • Kashmir
    • Jammu
    • Ladakh
  • India
  • World
  • Sports
  • Business
  • Opinion
    • Editorial
    • Interview
  • Health
  • Weekly Edition
  • ePaper
No Result
View All Result
Kashmir Glacier
  • News
    • Kashmir
    • Jammu
    • Ladakh
  • India
  • World
  • Sports
  • Business
  • Opinion
    • Editorial
    • Interview
  • Health
  • Weekly Edition
  • ePaper
No Result
View All Result
Kashmir Glacier
No Result
View All Result
Home World

World Bank rates implementation progress of Rs 1500 crore project as ‘moderately satisfactory’

News Desk by News Desk
July 26, 2022
in World
0
Missing Kreeri Man Found Unconscious In His Vehicle, Hospitalised
0
SHARES
29
VIEWS
Share on FacebookShare on TwitterWhatsApp

Nasir Azam

Srinagar, Jul 26 : In its latest report, the World Bank has rated implementation progress of the Rs 1500 crore “Jehlum Tawi Flood Recovery Project” funded by it in Jammu & Kashmir as “moderately satisfactory”.

Documents accessed by news agency—Kashmir News Observer (KNO) reveals that the multilateral financial institution has rated current implementation progress of the project as “moderately satisfactory”.

“Current implementation progress is rated at moderately satisfactory while the achievement of project development objective (PDO) is rated moderately unsatisfactory as several civil works contracts are still ongoing and, as a result, corresponding results targets will not be achieved by the current closing date,” reads the report.

According to the report, the PDO can also be upgraded to moderately satisfactory with the proposed six-month extension of the closing date.

The WB has stated that the project has significantly improved its performance over last two and half years with remarkable progress in transport, education, urban flood management, livelihood recovery, and disaster preparedness and response capabilities, despite continued challenges and disruptions.

From the beginning, the project has faced complex challenges due to political uncertainty, social unrest, volatile security situation, and frequent changes in leadership and staffing in all implementing agencies (IAs).

“The IAs’ lack of familiarity with Bank financed projects and weak contractor presence, capacity and participation added further delays in implementation. Overall, these cascading challenges led to an effectiveness lag of 11 months and disbursement lag of 28 months (about 2 and a half years) early on,” the report states.

According to the report, 132 (62%) out of total 214 contracts awarded by the J&K authorities under JTFRP are completed as of May 31, 2022.

The Rs 1500 crore project was approved by the WB in 2015 for reconstruction of infrastructure damaged by 2014 floods and strengthening J&K’s disaster management capabilities—(KNO)

  • Facebook
  • Twitter
  • email
  • Print

Share this...

Share this:

  • Facebook
  • WhatsApp
  • Twitter
  • Telegram
Previous Post

Congress holds Satyagraha Protest, criticizes ED Summon to Sonia Gandhi

Next Post

No plans to set-up a separate PSC for Ladakh: Centre

News Desk

News Desk

Related Posts

Pak Judge Offers To Stop Arrest Attempts Against Imran If Ex-PM Surrenders In Court
Latest News

Pak Judge Offers To Stop Arrest Attempts Against Imran If Ex-PM Surrenders In Court

by Kashmir Glacier News Desk
March 16, 2023
Thanksgiving miracle as man rescued from Gulf of Mexico 32 hours after cruise ship fall
Latest News

Thanksgiving miracle as man rescued from Gulf of Mexico 32 hours after cruise ship fall

by Kashmir Glacier News Desk
November 26, 2022
CS sets tone for investments in J&K at a Global Convention in London
Kashmir

CS sets tone for investments in J&K at a Global Convention in London

by Kashmir Glacier News Desk
November 10, 2022
Trump, aides flirt with China lab coronavirus conspiracy theory
Latest News

Trump Organization faces criminal tax fraud trial over perks

by Kashmir Glacier News Desk
October 31, 2022
Luiz Inácio Lula da Silva
Latest News

Lula wins Brazil’s bitter presidential vote, Bolsonaro silent

by Kashmir Glacier News Desk
October 31, 2022
Next Post
Two-day Regional Conference on Good Governance Practices concludes at Srinagar

No plans to set-up a separate PSC for Ladakh: Centre

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Migrant woman in Bihar coronavirus isolation ward sexually abused, dies

BSF Trooper Injured In Mine Blast In Poonch

December 20, 2021
Pak doctors urge govt to review its decision to allow congregational prayers in mosques

Due to rise in Covid-19 cases, Shab-e-Baraat congregation canceled at Historic Jamia Masjid Srinagar: Anjuman Auqaf Jama Masjid

March 28, 2021

Don't miss it

Union Home Minister Amit Shah
Kashmir

Shah calls BJP Core Group to Delhi for high-level meeting today

September 25, 2023
Distressed Family Waits For PMAY To Rebuild Earthquake-Damaged Mud House In Doda
Jammu

Distressed Family Waits For PMAY To Rebuild Earthquake-Damaged Mud House In Doda

August 19, 2023
Physics Wallah (PW) Announces 200 Crore Scholarships for Students in PWNSAT 2023 at their launch
Kashmir

Physics Wallah (PW) Announces 200 Crore Scholarships for Students in PWNSAT 2023 at their launch

August 18, 2023
Director JKEDI felicitates family of Martyrs on their visit to JKEDI
Kashmir

Director JKEDI felicitates family of Martyrs on their visit to JKEDI

August 1, 2023
Advisor Bhatnagar chairs 54th AGM, 69th BoDs meet of JKAIDCL
Kashmir

Advisor Bhatnagar chairs 54th AGM, 69th BoDs meet of JKAIDCL

August 1, 2023
ACB, Kashmir traps sarpanch for accepting bribe
Kashmir

ACB, Kashmir traps sarpanch for accepting bribe

August 1, 2023

Facebook Page Like

Follow me on Twitter

My Tweets

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 42,501 other subscribers

© 2021 Kashmir Glacier - Premium news & magazine theme by GITS.

No Result
View All Result
  • News
    • Kashmir
    • Jammu
    • Ladakh
  • India
  • World
  • Sports
  • Business
  • Opinion
    • Editorial
    • Interview
  • Health
  • Weekly Edition
  • ePaper

© 2021 Kashmir Glacier - Premium news & magazine theme by GITS.

Join WhatsApp