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  Business   Economy  25 Mar 2017  World Bank commits $100 mn for health project in Uttarakhand

World Bank commits $100 mn for health project in Uttarakhand

PTI
Published : Mar 25, 2017, 7:55 pm IST
Updated : Mar 25, 2017, 7:55 pm IST

One of components of project would entail engaging private sector for health services.

World Bank CEO Kristalina Georgieva.
 World Bank CEO Kristalina Georgieva.

New Delhi: The World Bank has approved a USD100-million loan for a health project in Uttarakhand to provide medical services in the state.

The financing agreement from World Bank's arm International Development Assistance (IDA) for 'Uttarakhand Health Systems Development Project' was signed here, an official statement said.

One of the components of the project would entail engaging private sector for health services in these regions while the other on stewardship and system improvement.

Total cost of the project is USD 125 million, of which USD 25 million will be funded by the state government. Under the project, there will be multiple self-contained clusters of clinical services from operators on a PPP model. They will provide services for free or at nominal charges, the statement said.

Health services under the project will have a robust oversight and monitoring  mechanism that will be fully integrated with the expanded health insurance programme in Uttarakhand.

"This will be concurrent with strengthening the state's capacity to implement the project," it said. The project is slated to be completed by 2023.

Tags: world bank, uttarakhnad, health projects
Location: India, Delhi, New Delhi