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ADB nod for Rs 1,650 cr infrastructure projects in Tripura

Tuesday, 18 Jun 2019
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The Asian Development Bank (ADB) has given its approval for projects worth Rs 1,650 crore to develop infrastructure in seven district headquarter towns of Tripura.

Of the funding provided by ADB, 80 percent will be grant-in-aid and the state will have to repay 20 percent loan in due course of time. ADB has approved the project submitted by the Urban Development Department.

These included development such as piped water supply, underground drainage, underground sewage or scientific seepage management, roads with pavement, in the seven district headquarter towns, other than Agartala. The project will be taken up in Khowai, Ambassa, Dharmnagar, Kailashahar, Udaipur, Bishramganj and Belonia.

The first-of-it- kind development project in Tripura is expected to modernise all the district headquarter towns and boost tourism and trade prospects.

Till now, there had been no provision of funding for development of district headquarter towns in Tripura other than Agartala.

The Department of Economic Affairs (DEA), Ministry of Finance, Ministry of External Affairs, Ministry of Housing and Urban Affairs and the Ministry of Home Affairs had approved the project in a meeting held on 15 November 2018.

Accordingly, ADB had sent a Consultation Mission to Agartala on 21 December 2018 to seek the feasibility of Project Financing Readiness (PFR) and Technical Assistance (TA) for preparations of DPRs of the projects.

 
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