Govt, ADB Sign USD 100 Mn Loan Agreement To Improve Urban Services, Tourism Facilities In Tripura!
Banking & Finance
The signatories of the loan agreement for the Tripura Urban and Tourism Development Project were Juhi Mukherjee, Joint Secretary Department of Economic Affairs for the Government of India, and Nilaya Mitash, Officer-in-Charge of ADB's India Resident Mission, an official statement said.After signing the loan agreement, Mukherjee said the project will improve the municipal infrastructure and public services in Urban Local Bodies (ULBs), along the main national highways in Tripura, besides upgrading key tourism sites.
He further said ADB support will also strengthen the capacity of ULBs for integrated planning, including climate and disaster resilience, and identification of community and private sector participation for tourism and marketing.
It will improve 21 km of urban roads that will incorporate features that respond to the needs of the elderly, women, children, and differently-abled, the statement added.
The project will upgrade urban water supply systems by installing 42 km new transmission and distribution pipes, establishing four new water treatment plants, and improving 55 km of stormwater drains, it said.
About ADB (Asian Development Bank):
Headquarters: Mandaluyong, Philippines
Founded: 19 December 1966, President: Masatsugu Asakawa
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