‘Despite Centre, ADB Nod, Govt Fails To Avail Rs 4000 Cr Loan’

SRINAGAR — The state govern­ment has failed to submit project report to the Asian Development Bank to avail third tranche loan of around Rs 4000 crore.

The centre has already given its clearance in this regard while the Asian Development Bank have agreed for granting of loan of around Rs 4000 crore to Jammu and Kashmir for developmental works.

One of the top officials of Public works department here in the civil secretariat told KNS correspondent that ADB has told the JK government that it would provide loan for impro­visation of urban services, water sup­ply, roads and drainage system in the state. “However, the JK government did not submit the project reports despite multiple reminders by the ADB,” the official maintained.

The official said that govern­ment of India has also finalised the projects. But the JK government is not concerned for submitting the projects reports to the ADB for fi­nal approval,” an official of Public Works Department said.

The ADB provides financing and services to low and middle-income countries to support de­velopment and change. Develop­ment projects are implemented by borrowing countries follow­ing certain rules and procedures to guarantee that the money reaches its intended target.

The official said there has been delay in completion of projects on which work was started under 2nd tranche loan. “The ADB agreed af­ter Chief Minister Mehbooba Mufti also raised the issue with Prime Minister Narendra Modi and Arun Jaitley,” the official said.

PWD Minister Naeem Akhtar told KNS that projects reports have been finalized. “They will be submitted to ADB soon,” Akhtar maintained.

However, the official said that World Bank has approved Rs 5000 crore for over 200 projects in Jammu and Kashmir. “These projects were approved after submitting of project reports by the JK government to the World Bank,” the official said.

In this regard, Divisional Commis­sioner has directed deputy commis­sioners, director school education, chief education officers of Kashmir region to furnish requisite revenue documents/need assessment certifi­cates/ non-encumbrance certificate, NOCs, etc. without further loss of time so that the projects are started.

“Chief education officers con­cerned will furnish the requisite “need assessment certificates” and other requisite certificates in re­spect of the schools identified under World Bank project to the respec­tive deputy commissioners with intimation to director school educa­tion,” reads minutes of the meeting held under the chairmanship of divisional commissioner Kashmir.





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