Kerala approves Rs 159 bn-worth proposals to rebuild flood-affected sectors

To raise funds from international and domestic financial agencies

A cabinet minister's meeting held today in Kerala has decided to raise Rs 159 billion as loans from World Bank, Asian Development Bank and other bilateral funding agencies, domestic financial institutions and banks for the reconstruction of the major regions affected by the floods.

The funds will be utilised in sectors like public works roads, roads under the local self governments, water supply, flood control, irrigation, coastal conservation, rehabilitation in coastal areas, public institutions, health care and environmental protection. 

The Cabinet has approved the proposal for a cost of Rs 158.82 billion. The cabinet meeting also decided to consider the