Rebuilding Kerala: Rs 2,647 cr overseas loan received, Rs 2,500 cr more in the pipeline | Kerala News


Thiruvananthapuram: An overseas loan worth Rs 2,647 crore has been granted so far in over three years under the Rebuild Kerala Initiative for reconstruction efforts in the state following catastrophic floods in mid-2018.

The state government has also signed an agreement to seek a loan worth Rs 2,500 crore from the World Bank and German Development Bank KfW (Kreditanstalt für Wiederaufbau).

An administrative penalty has been given for projects worth Rs 7,911.48 crore. Among these bids were given for projects worth Rs 5,434.30 crores and one contract was awarded for projects worth Rs 5,399.27 crores.

The largest amount, Rs 5,196 crore, has been set aside for the reconstruction of roads and bridges.

Apart from the allocation for road construction, money has been set aside for agencies like the Kudumbashree.

According to official documents, Rs 939 crore was used in 13 departments. They were awarded Rs 1258.86 crore.

Details of the use of the funds were given by the planning and finance wing of the Rebuild Kerala department in a response to a petition filed by a certain Govindan Namboodiri under the Right to Information Act.


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