World Bank approves credit to reconstruct 86,000 quake-hit houses in Nepal

Kathmandu, January 15

The World Bank on Tuesday announced that it approved an additional credit of US$ 200 million to a post-earthquake housing reconstruction project in Nepal.

The development partner said its Earthquake Housing Reconstruction Project would contribute to the government’s umbrella housing reconstruction programme.

The second additional financing will scale up EHRP’s support to the government’s programme by financing the reconstruction of an additional 86,680 houses in the 32 districts affected by the 2015 earthquake.

“It is our aim to ensure that no one is left behind as Nepal builds back better from the devastating earthquakes of 2015,” World Bank Country Director for Nepal Idah Z Pswarayi-Riddihough, says in a statement, “We support the Government of Nepal’s efforts in reconstruction to help Nepalis rebuild not just homes but also lives.”

The EHRP, approved in June 2015 supported the resilient reconstruction of approximately 55,000 houses in the districts most affected by the earthquake while an additional credit of US$ 300 million was approved in December 2017 to scale up the EHRP and help bridge the financing gap in the government’s reconstruction initiative by supporting 96,000 additional households under the project.

Published on January 15th, Wednesday, 2020 4:27 PM

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