address at the
Signing of Agreements for three World Bank assisted Projects in Andhra Pradesh
on 22.01.2010 at
A.P. Secretariat, Hyderabad.
At the outset, I am happy to be present, on the occasion of
signing of the agreements ceremony for the three World Bank assisted projects of
Government of Andhra Pradesh. The Government of Andhra Pradesh has a long
standing association of more than twenty years with the World Bank. The World
Bank has assisted in the past and funded various projects in the important
sectors like Rural Development, Irrigation, Infrastructure development, Water
Supply and Poverty alleviation. The State Government has gained immensely
through the association with the World Bank in formulating innovative projects
and implementing them in an effective manner. Similarly, I also believe that
the World Bank would have also gained from the projects implemented in Andhra
Pradesh and I am sure they are replicating the lessons learnt from this State in
other States and Countries.
Today, the State Government is signing three agreements
with the World Bank pertaining to key sectors like Roads, Rural Water Supply and
Sanitation, and Urban Development. State Government is committed to providing
necessary budgetary support. I am confident that the officials in charge of
these projects would take action to implement them in a time bound manner so
that the people of Andhra Pradesh benefit from the infrastructure created and
the services which will flow from these infrastructure facilities.
As an example of the State Government's commitment to the
welfare of the people, major chunk of the A.P. Road sector project is provided
from the State Government budget which is more than the World Bank's share with
a view to provide better quality and safe roads to the citizens of the State.
Similarly, the State Government is committed to improve the
health, hygiene and sanitation of the rural population by providing clean and
safe drinking water and sanitation services through community participation.
The A.P. Rural Water Supply and Sanitation Project will address the needs of
safe drinking water for more than 20 lakh people in 6 districts of Andhra
A.P. Municipal development project will address high
priority infrastructure requirement of various towns and municipalities in a
comprehensive manner. The infrastructure provided would address the needs of
drinking water, transport, solid waste management, sewerage and storm water
drains, street lighting on a city wide basis in addition to enhancing the
capacity of all the urban local bodies in the State in planning and implementing
I am extremely pleased and happy that the Country Director,
World Bank, New Delhi Mr.Roberto N.Zagha is also present here and I thank him
for his presence here and assure him that the Government of A.P. is fully
committed to ensuring implementation of all the Projects that are being launched
today and also hope that the World Bank will extend the same cooperation in
I also thank the Government of India for all their
cooperation and support.
Before I conclude I would like to say one word. Some
people feel in a general way if the State or Government of India are financially
sound why should they go for borrowing? But if we look at the various
developments that are taking place in the Country, or in other parts of the
World also, it is only developing countries that will try to spend more for
mobilizing funds apart from what they have got in their pockets, they would like
to borrow money. But one thing, we believe that whatever is borrowed it must be
spent for capital expenditure. The borrowed money should not be spent for
revenue expenditure. This is the theory we are adopting and we would like to
continue this method in future also. Once again I congratulate the World Bank
Indian representative Mr.Zagha for the trouble he has taken for travelling all
the way from Delhi to Hyderabad despite fog.