Thursday 13 December 2018
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business-standard - 6 days ago

Germany offers massive aid package to help flood hit Kerala

: Germany has offered a massive aid package to support climate resilient rebuilding of Kerala s flood-batteredpublic infrastructure, which includes a nominal interest loan of Rs 720 crore (90 million Euros). The package, announced at a press meet here by the German Ambassador to India, Dr Martin Ney, also has a technical grant of three million Euros (Rs 24 crore) to provide international expertise to the Public Works Department in climate resilient infrastructure planning to reconstruct roads and bridges. In addition to this, Germany proposed to finance a 117 million Euros (Rs 940 crore) to provide Kochi with an integrated water transport system called Water Metro within Indo-German Economic Co-operation, a press release said. Earlier,Dr Ney called on the Kerala Governor P Sathasivam and expressed Germany s willingness to provide through the Government of India, Euros 90 million as institutional support to the Rebuild Kerala Initiative. The rains and floods during the

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