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World Bank, GOI and West Bengal Gov. Signed Loan Agreement

Published on January 06, 2021
Current Context: The World Bank, Government of India and Government of West Bengal have entered into a loan agreement to improve waterways in West Bengal.
World Bank, GOI and West Bengal Gov. Signed Loan Agreement
  • For this purpose, a loan agreement of $105 million was signed. 
  • This funds will be utilized to upgrade inland water transport infrastructure, logistics and special development project in Kolkata.
  • The loan is having a maturity of 17 years including the grace period of 7 years.
  • The up-gradation in Waterways will facilitate freight and passenger Movement in the Hooghly River.
  • The funds will also be used to improve accessibility in Kolkata Metropolitan Area which will improve logistics in the state.
  • Static Part: 
    • Folk Dances of WB: Gambhira Dance, Kathi dance, The Baul dance, Domni, Dhunachi
    • Thermal Power Plant in WB: Farakka Super Thermal Power Plant, Durgapur Steel Thermal Power Station


Q.1 World Bank offered a loan of $105 million to improve Waterways in which Indian State?
a. Goa
b. West Bengal
c. Gujarat
d. Maharashtra

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