More than 300,000 people living in the Eastern and Far Western Regions of the country were seriously affected by the August floods and the landslides that damaged infrastructure and livelihoods worth about $88 million.
The meeting of the ADB board of directors on Tuesday approved the grant for funding the Emergency Flood Damage Rehabilitation Project jointly assisted by the ADB and UN Agencies, an ADB statement said.
The project aims to return economic activity to normal as soon as possible in the affected areas, and also help reduce future risk from similar disasters.
"The floods slowed progress in poverty reduction, with the poor and the vulnerable suffering the most in terms of losses," says Ki H Ryu, ADB´s Project Team Leader. "This project will help improve the livelihoods of many of those affected."
The project will focus on the Kailali, Kanchanpur and Sunsari districts, according to the statement.
Under the project, key infrastructure, such as roads, bridges and irrigation channels, will be built or repaired, and landslide stabilization work undertaken to avoid similar disasters in the future.
Water supply systems will also be rebuilt or installed to provide access to drinking water and sanitation facilities. A health and hygiene awareness program will be launched in all three districts.
In addition, seeds, compost fertilizer and basic farm equipment will be distributed to grow crops suitable for sandy soil. Fishponds will also be restored, fingerlings distributed, and agricultural collection centers and marketplaces reconstructed.
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