The World
Bank has agreed to provide $2.75 million (approximately Rs 274 million) grant
assistance for the implementation of Pro-poor Urban Regeneration Pilot Project
under the Japan Social Development Fund.
The agreement
has been signed here today.
The
objectives of the project are to contribute to improving the living conditions
of poor and vulnerable households in selected wards of the historic core of
Lalitpur City by piloting urban regeneration activities and demonstrate the
feasibility of an integrated urban regeneration approach to decision-makers in
the Kathmandu Valley.
The project
consists of four parts Participatory Action Plan for Pro-poor Urban
Regeneration, Grant Facility for Pro-poor Urban Regeneration/Sub-grants, Community
Awareness and Local Capacity Building for Pro-poor Urban Regeneration and
Project Management and Administration, Participatory Monitoring and Evaluation
and Knowledge Dissemination.
The Project shall be
implemented by Ministry of Urban Development and end in September 2017.
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