Latest news with #KristofferWelsien
Hans India
3 hours ago
- Business
- Hans India
WB okays USD 426 mn for Bengaluru Water Security project
Bengaluru: The World Bank has sanctioned USD 426 million for a new initiative to enhance water security for over four million residents in Bengaluru, officials said. Karnataka Water Security and Resilience Programme will also help Bengaluru mitigate flooding by reviving the city's 183 lakes, which act as natural sponges during heavy rainfall, said a press release. 'This will also help communities through early warning systems and improved responses to extreme weather by strengthening the Karnataka State Natural Disaster Monitoring Centre,' said Kristoffer Welsien and Anup Karanth, the task team leaders for the programme. Auguste Tano Kouame, the World Bank's Country Director for India, said the programme will also help increase the revenues of the Bangalore Water Supply and Sewerage Board. 'It will mobilise USD 5 million in private capital. This will improve efficiency, replace aging water pipes, and tap the private sector to create innovative tools like smart water meters,' Kouame was quoted as saying in the release. The programme will also ensure sewerage connections to over 1,00,000 households and facilitate the construction of nine Sewage Treatment Plants (STPs) to prevent sewage from entering lakes and drains. According to the release, treated wastewater will be reused for industrial purposes and for recharging groundwater in the Greater Bengaluru area.
NDTV
15 hours ago
- Business
- NDTV
World Bank Approves $426 Million For Bengaluru Water Security Project
Bengaluru: The World Bank has sanctioned USD 426 million for a new initiative to enhance water security for over four million residents in Bengaluru, officials said. Karnataka Water Security and Resilience Programme will also help Bengaluru mitigate flooding by reviving the city's 183 lakes, which act as natural sponges during heavy rainfall, said a press release. "This will also help communities through early warning systems and improved responses to extreme weather by strengthening the Karnataka State Natural Disaster Monitoring Centre," said Kristoffer Welsien and Anup Karanth, the task team leaders for the programme. Auguste Tano Kouame, the World Bank's Country Director for India, said the programme will also help increase the revenues of the Bangalore Water Supply and Sewerage Board. "It will mobilise USD 5 million in private capital. This will improve efficiency, replace aging water pipes, and tap the private sector to create innovative tools like smart water meters," Kouame was quoted as saying in the release. The programme will also ensure sewerage connections to over 1,00,000 households and facilitate the construction of nine Sewage Treatment Plants (STPs) to prevent sewage from entering lakes and drains. According to the release, treated wastewater will be reused for industrial purposes and for recharging groundwater in the Greater Bengaluru area. The USD 426 million loan from the International Bank for Reconstruction and Development (IBRD) has a maturity period of 20 years, with a grace period of five years, it added.
Time of India
16 hours ago
- Business
- Time of India
World bank approves $426 million loan to revive Bengaluru's 183 lakes
Bengaluru: The World Bank approved a $426 million (Rs 3,700 crore) loan for the 'Karnataka Water Security and Resilience Programme' to help revive the city's 183 lakes. These lakes act as natural sponges during heavy rainfall. On June 23, the World Bank's Board of Executive Directors approved the new programme which will improve water security for more than four million residents in Bengaluru. It will help Bengaluru cope with increased extreme weather events that are posing a challenge to the pace of economic growth. It will develop and implement advanced flood modelling, utilizing computer simulations to predict where, when, and how flooding might occur. This will help optimise future investments in the city's resilience. You Can Also Check: Bengaluru AQI | Weather in Bengaluru | Bank Holidays in Bengaluru | Public Holidays in Bengaluru The programme will construct nine sewage water treatment plants (STPs) to prevent sewage from entering lakes and drains. The treated wastewater will be reused for industrial purposes, as well as for recharging groundwater in the greater Bengaluru area. In addition, over 100,000 households will get sewerage connections for the first time. Auguste Tano Kouame, the World Bank's Country director for India, saidl: "The programme will increase revenues of the Bangalore Water Supply and Sewerage Board and mobilise $5 million in private capital. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Sharp Design, Smoother Drives. Toyota Glanza Learn More Undo This will improve efficiency, restore ageing water pipes, and tap the private sector to create innovative tools like smart water meters." Kristoffer Welsien and Anup Karanth, the Task Team Leaders for the programme, said: "This programme will also help communities through early warning systems and response to extreme weather by strengthening the Karnataka State Natural Disaster Monitoring Centre." The loan from the International Bank of Reconstruction and Development (IBRD) has a maturity of 20 years with a grace period of 5 years.
Time of India
20 hours ago
- Business
- Time of India
World Bank approves $426 million for Bengaluru Water Security project
The World Bank has sanctioned USD 426 million for a new initiative to enhance water security for over four million residents in Bengaluru, officials said. Karnataka Water Security and Resilience Programme will also help Bengaluru mitigate flooding by reviving the city's 183 lakes, which act as natural sponges during heavy rainfall, said a press release. "This will also help communities through early warning systems and improved responses to extreme weather by strengthening the Karnataka State Natural Disaster Monitoring Centre," said Kristoffer Welsien and Anup Karanth, the task team leaders for the programme. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like If You Eat Ginger Everyday for 1 Month This is What Happens Tips and Tricks Auguste Tano Kouame, the World Bank's Country Director for India, said the programme will also help increase the revenues of the Bangalore Water Supply and Sewerage Board . "It will mobilise USD 5 million in private capital. This will improve efficiency, replace aging water pipes, and tap the private sector to create innovative tools like smart water meters," Kouame was quoted as saying in the release. Live Events The programme will also ensure sewerage connections to over 1,00,000 households and facilitate the construction of nine Sewage Treatment Plants (STPs) to prevent sewage from entering lakes and drains. According to the release, treated wastewater will be reused for industrial purposes and for recharging groundwater in the Greater Bengaluru area. The USD 426 million loan from the International Bank for Reconstruction and Development (IBRD) has a maturity period of 20 years, with a grace period of five years, it added.
