IBRD $175 million; IDA $175 million
[IBRD-the International Bank for Reconstruction and Development-low interest loan; IDA-the International Development Association-interest free]
India ranks third in the world after China and the United States in the number of dams. Of India’s 4050 completed large dams, almost half are more than 25 years old; another 475 are under construction. These dams have played a key role in fostering rapid and sustained agricultural and rural development. The project will help rehabilitate and modernize about 38 of these large dams.
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