2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Asian Development Bank
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World Bank
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Bank of China
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Standard Chartered
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Detailed explanation-1: -The correct answer is World Bank. The Inland Water Transport (IWT) Department has signed an MoU with the World Bank for a Rs 770 crore loan to improve river transportation in Assam.
Detailed explanation-2: -For the implementation of Assam Inland Water Transport Project, the Government of India (GoI), the Government of Assam and the World Bank have signed a $88 million loan agreement. The loan agreement seeks to modernize the Assam’s passenger ferry sector by improving the infrastructure and its services.
Detailed explanation-3: -“This operation will allow the state to invest in Kolkata’s economic productivity by making its waterways and ferry services part of an efficient and safe urban mobility strategy, ” said Junaid Ahmad, World Bank Country Director in India.