Finance

Finance

World Bank lends India $1bn for Ganges river clean up

03 December 2009 08:16 (UTC +04:00)

BakÄ± â€“ APA-Economics. The World Bank has agreed to loan India $1bn (Â£600m) over the next five years to clean up the Ganges, one of the most polluted rivers in the world, BBC reported.
The 2,500km (1,500 mile) river has been badly polluted by industrial chemicals, farm pesticides and other sewage.
Speaking in Delhi, World Bank chief Robert Zoellick said the clean up would target the entire river network.
Plans involve building sewage treatment plants, revamping drains, and other measures to improve the water quality.
The funding is part of the Indian government’s multi-billion dollar initiative to end the discharge of untreated waste into the Ganges by 2020.
Environmentalists say the river supports over 400 million people, and if the unabated pollution is not controlled, it will be the end of communities living along the banks.
Earlier attempts to clean the river have failed, including a plan to make its water drinkable by 1989.
But Mr Zoellick said he was confident the plan would work this time.
"In the past, [efforts] focused too much on individual aspects such as sewage emissions and not enough on the basin as a whole," he said.
"What really distinguishes this project is to try to look at the whole river network and try to deal with all the aspects."
The Ganges is considered holy by millions of Hindus, who believe that cremation rituals on the river banks lead to salvation, says the BBC’s Anbarasan Ethirajan.
As a result, floating corpses are a common sight along the river, he adds.
Also on Wednesday, India’s finance ministry said the World Bank would triple its lending to $7bn billion this year for development, infrastructure and other projects.