The Asian Development Bank (ADB) is likely to provide a Rs 2,100 crore loan to the Tripura government for the development of urban areas and tourism in the northeastern state that borders Bangladesh, officials said here on Tuesday.
According to Tripura's Urban Development and Tourism Department Secretary Gitte Kirankumar Dinkarrao, of the Rs 2,100 crore expected to be provided by the ADB as a loan, Rs 1600 crore will be for urban development and Rs 500 crore for the tourism sector.
"Under the loan arrangement, initially ADB would provide Rs 40 crore for engagement of project design and management consultants for urban and tourism sectors. Once the projects are prepared, ADB would provide Rs 1,600 crore for development works in urban areas and Rs 500 crore in tourism sector over the next three years," Dinkarrao told IANS.
The senior IAS officer said that in the urban sector, all 20 urban local bodies in Tripura would be covered and in the tourism sector, all tourism destinations, roads leading to them and tourist facilities would be covered.
The Tripura government has signed the loan agreement with the ADB in New Delhi on Friday. (IANS) Source: https://southasiamonitor.org
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