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Deal signed with ADB for infra development

Friday, 29 Jan 2016
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India has inked an USD 80 million loan agreement with Asian Development Bank to improve infrastructure in two Northeastern state capital cities.

The loan is the third tranche of a USD 200 million financing facility under the North Eastern Region Capital cities Development Investment Programme and will be used for investments in water supply, solid waste management and sanitation in Agartala and Aizwal.

It will also support urban reforms, benefiting nearly a million people in the two cities. Previous tranches have provided assistance to five other cities in the Northeast—Shillong (Meghalaya), Aizawl (Mizoram), Kohima ( Nagaland), Gangtok ( Sikkim) and Agartala (Tripura).

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