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| JK fails to submit project reports, ADB may refuse loan | | | Ishtiyaq Ahmad
Early Times Report
Srinagar, July 4: The delay in submitting project reports from Jammu and Kashmir Economic Reconstruction Agency (ERA) to the Asian Development Bank (ADB) continues to hamper the third tranche loan of around 3000 crore for development works in the state.
Sources told Early Times that the centre has already given its clearance in this regard while the Asian Development Bank have agreed for granting of loan to Jammu and Kashmir for developmental works.
"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, ERA did not submit the project reports despite multiple reminders by the ADB," sources maintained.
Sources said that government of India had also finalized the projects, but the government was not concerned for submitting the projects reports to the ADB for final approval.
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.
Sources said that there has been delay in completion of projects on which work was started under 2nd tranche loan. "The ADB agreed after former Chief Minister raised the issue with Prime Minister Narendra Modi and Arun Jaitley," sources maintained.
However CEO Economic reconstruction Agency (ERA) told early times that department is in the process of finalizing projects. "Yes it is true that ADB has agreed to provide loan. We are in the process of completing the "Loan third project proposals". We had done meetings with the ADB in this regard. In September they are visiting again here and by the time we are hopeful that we will complete the project reports and avail the loan," the CEO said.
However he was not aware about the total loan amount which the ADB is providing to the Jammu and Kashmir state.
Meanwhile sources said that that the World Bank has already 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," sources 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.
"Deputy Commissioners will get the revenue papers and non-encumbrance certificates prepared by the sub-ordinate revenue agency and forwards the same to superintending engineers PWD for further necessary action," it adds. |
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