World Bank logo (Photo: Wikipedia)
World Bank logo (Photo: Wikipedia)
Bhubaneswar: The World Bank has lifted the ban on its loan for the Odisha State Roads Project (OSRP), that it had imposed after certain irregularities were found in the execution of works under the project.

The decision to revoke the suspension has been conveyed by Mr. John H Stein, Acting Vice-President, World Bank (South Asia Region) in a letter to Odisha Chief Secretary Shri B. K Patnaik.

The bank had suspended further loans in May 2011 after it was found that the Project Implementation Unit (PMU) had settled work tenders for three different road projects namely, Bhawanipatna-Khariar, Brahmapur-Taptapani and Bhadrak-Chandbali, in favour of a single contractor.

Moreover, the work orders were issued without acquiring land and settling rehabilitation issues. Besides, utilities such as power and phone lines had not been shifted as required.

Source: 360 NS