World Bank to provide Rs 274 million grant assistance

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.