World Bank's new chief to review the ground realities in India
Will the World Bank continue to support the state agencies despite their tardy implementation of various infrastructure projects in Mumbai? Answer to this question may be found on Thursday when World Bank’s new chief Robert Zoellick comes calling to Mumbai to review the ground realities. The bank has been a major contributor to the city’s biggest-ever comprehensive transport management plan — Mumbai Urban Transport Project (MUTP).
The nearly Rs 5,000-crore project which began in 2002 was designed as a first and urgent step towards improving physical infrastructure in rail and road transportation. Besides MUTP, the state government has a slew of projects lined up for Mumbai which are awaiting funding.
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Is the new World Bank chief coming to justify World Bank or to put India in more debt by sanctioning more loans?
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