India and ADB sign $100 million loan agreement to improve urban services and tourism facilities in Tripura
New Delhi: The government on Friday signed an agreement with the Asian Development Bank (ADB) to avail of a USD 100 million loan to improve urban services and tourism facilities in the northeastern state of Tripura.
The signatories to the loan agreement for the Tripura Urban and Tourism Development Project were Economic Affairs Department Joint Secretary Juhi Mukherjee for the Indian government and Officer-in-Charge of ADB’s India Resident Mission Nilaya Mitash.
After signing the loan agreement, Mukherjee stated that the project would improve the municipal infrastructure and public services in urban local bodies (ULBs) along the main national highways in Tripura besides upgrading key tourism sites.
“The project will support the state as a gateway to the northeast region by developing tourist destinations along highways and by improving urban governance and financial sustainability through improved resource mobilisation and credit worthiness,” said Mitash.
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.”
The project will upgrade urban water supply systems by installing 42 kilometre (km) new transmission and distribution pipes, establish 4 new water treatment plants, and improve 55 km of stormwater drains.
It will improve 21 km of urban roads that will incorporate features that respond to the needs of the elderly, women, children, and the differently-abled.
To strengthen the delivery of urban services, the project will build the capacity of 12 urban local bodies on planning, infrastructure operations and maintenance, financial management, gender equality and social inclusion, and project management.
It will also help the state government update its building regulations incorporating spatial planning and green building principles to ensure climate and disaster resilience.
Through this project, ADB will help upgrade tourist destinations, such as the Chaturdash Devata Temple, Kasba Kalibari, and Neermahal Palace, by improving the amenities, rooms, landscaping, and making them more visitor- and gender-friendly destinations. It will establish a digital museum and a new adventure park.
A 10-year tourism business plan that will guide marketing, promotion, and attract the private sector will be developed, while the state’s tourism policy will be updated.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
