MUMBAI (Reuters) - The World Bank said on Friday it will lend India $14 billion by 2012 to help the country overhaul its creaking infrastructure and increase living standards in its poor states.

The government has estimated it needs $500 billion over the five years to 2012 to upgrade infrastructure such as roads, ports, power and railways.

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Posted by boyang at December 12, 2008 7:16 AM