Saturday, May 22, 2010

World Bank seeks details on unused tsunami funds



PROJECT HIT: Residents of many areas 
such as Srinivasapuram oppose proposal 
for construction of new tenements. 






 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
CHENNAI: Bottlenecks in the implementation of the Emergency Tsunami Reconstruction Project has prompted the International Bank for Reconstruction and Development (World Bank) to write to the State government seeking details of the exact amount of credit that will be unutilised.

“It is likely that a certain portion of the credit may remain unutilised,” it said in a recent communication to the State government.

According to a senior State government official, “The deadline for the projects is December 2011, but some of them in Chennai are yet to take off on account of the unwillingness of the beneficiaries. Around 50 per cent of the projects in Chennai are not likely to take off as vested interests are creating problems by mobilising the beneficiaries against the projects.”

As part of the emergency tsunami reconstruction project, a total of 7,320 tenements were proposed to be constructed between Light House and Srinivasapuram within 200 to 500 metres from the sea.

As biometric identification was a challenge, 5,040 tenements could not be constructed with World Bank funding.

About Rs.293 crore of the fund is unutilised because of the reluctance of the beneficiaries in the area, according to officials.

An assessment by the World Bank found that construction of 828 houses in Dommingkuppam and 2,048 tenements at Okkiam Thoraipakkam may not be completed within the project period.

The Bank Task Team estimates that an amount of US $100 million may remain unutilised by the closure of the project in December 2011. The World Bank has also requested the State government to indicate the disbursement projections to the Department of Economic Affairs, Union Ministry of Finance.

Source: The Hindu,Aloysius Xavier Lopez,— Photo: S.S. KumarMay 22,2010
 

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