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Rs140Cr NABARD loan to Goa for infra projects

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The assistance is being provided under the Rural Infrastructure Development Fund (RIDF) for Tillari Irrigation project and construction of three rural bridges

 The assistance is being provided under the Rural Infrastructure Development Fund (RIDF) for Tillari Irrigation project and construction of three rural bridges

New Delhi: The National Bank for Agriculture and Rural Development (Nabard) has sanctioned a loan of Rs 141.10 crore to Government of Goa under the Rural Infrastructure Development Fund (RIDF). The assistance is being provided for Tillari Irrigation project and construction of three rural bridges.

For the ongoing Tillari irrigation project, the financial assistance sanctioned for the current year is Rs 70.65 crore taking the total assistance by NABARD in the last five years to Rs 341 crore.

The assistance will be used for the new and ongoing works in the main canal and distributaries. These works are expected to create an additional irrigation potential of 3887 hectare in the current year.

The rural bridges being constructed by Goa State Infrastructure Development Corporation (GSIDC) between Aldona and Calvim at a cost of Rs 63 crore and between Tharmas & Ozari Sangowada at a cost of Rs 21 crore the two other projects for which loan has been sanctioned.

While the Aldona bridge having a length of 494 mts will provide new connectivity across river Mapusa, the Tharmas bridge across river Chapora will reduce the road distance to Mapusa town for about 11 villages by 13 kms.

The parallel bridge constructed at Arpora – Baga at a cost of Rs 4.93 crore and a loan of Rs 3.84 crore is another project assisted under RIDF. The bridge on the main district road will ease the traffic in the busy Calangute area.

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