Kerala floods: German bank KfW signs $200-m loan pact for rebuilding damaged roads


Kerala floods: German bank KfW signs $200-m loan pact for rebuilding damaged roads

German bank KfW has offered a $200-million soft loan for rebuilding the Kerala roads damaged in the devastating floods of 2018. Representatives of the bank have inked an agreement to this effect here this week. This pact would get the Rs 1,800-crore reconstruction of 31 roads in Kerala going by May 2020, the state government said in a release.

The German Bank’s pact comes close on the heels of World Bank’s decision to allow a $250-million development policy loan for the ‘Rebuild Kerala Initiative’. KfW is also providing a Rs 25-crore grant for institutional capacity building in development.

Carla Berke, team leader, India mission, KfW Bank; Jan T Albers, executive manager, Frankfurt Urban Development Project; Kiran Avadhanula, senior sector specialist Read More

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