BHUBANESWAR: The World Bank has approved the India Cyclone Risk Mitigation Project (ICRMP) for implementation in Orissa.

Phase I of the project, estimated at $ 247 mn, may be implemented between 2010 and 2015 after the appraisal.

ICRMP was initially planned for 13 states but only Orissa and Andhra Pradesh could complete the formalities successfully.