World Bank approves $82 mn for Himachal Pradesh State Roads Transformation project
The ‘Safe Systems’ approach will be adopted in selected districts and heavily trafficked corridors
The World Bank Board of Executive Directors has approved $82 million project to support Himachal Pradesh strengthen its transport and road safety institutions by improving condition, safety, resilience and engineering standards of its state road network.
The Himachal Pradesh State Roads Transformation project will finance initiatives to build climate and disaster resilient roads, improve road safety along tourism corridors in Himachal; improve logistics along fruit belts, and support the government’s initiative to create a corporate entity responsible for ensuring well-performing roads.
A third of the maintenance contracts under the project will be awarded to women-led Self-Help Groups (SHGs).
Reorganising the Himachal Pradesh Road & Other Infrastructure Development Corporation (HPRIDC) and HP Motor Vehicle Administration as corporate entities, it will also support greater transparency and accountability in promoting innovative development solutions.
The ‘Safe Systems’ approach will be adopted in selected districts and heavily trafficked corridors. An emergency response system will be developed to help connect accident sites with hospitals for post-crash care and data collection.
The $82 million loan from the International Bank for Reconstruction and Development (IBRD) has a final maturity of 14.5 years, including a grace period of five years.