November 15, 2023
2 mins read

ADB Okays $100M Loan to Boost Tripura Tourism

21 kilometres of urban roads will be improved with a focus on features catering to the needs of the elderly, women, children, and disabled individuals….reports Asian Lite News

In a significant stride towards enhancing urban services and fortifying tourism infrastructure, the Asian Development Bank (ADB) has given the nod to a USD 100 million loan dedicated to the northeastern state of Tripura.

Expressing commitment to supporting Tripura’s governmental priorities, ADB Principal Urban Development Specialist Tomoo Ueda stated, “ADB is committed to supporting the Tripura government’s priorities of improving urban services and tourism infrastructure to help boost economic development.”

Ueda added, “This project will support the state as a gateway to the northeast region by developing tourist destinations along the national highways and by improving urban governance and financial sustainability.”

According to the ADB report, the comprehensive project encompasses the upgrade of urban water supply systems through the installation of 42 kilometres of new transmission and distribution pipes, the establishment of four new water treatment plants, and the enhancement of 55 kilometres of stormwater drains.

Additionally, 21 kilometres of urban roads will be improved with a focus on features catering to the needs of the elderly, women, children, and disabled individuals.

To bolster the delivery of urban services, the initiative aims to build the capacity of twelve urban local bodies in areas such as planning, infrastructure operations and maintenance, financial management, gender equality and social inclusion, and project management.

Furthermore, the state government will receive support in updating building regulations, incorporating spatial planning and green building principles for enhanced climate and disaster resilience.

The project’s tourism-centric facet aims to elevate key destinations like the Chaturdash Devata Temple, Kasaba Kalibari, and Neermahal Palace.

This involves improving amenities, rooms, and landscaping, and ensuring they are more visitor- and gender-friendly. Additionally, plans include the establishment of a digital museum and a new adventure park.

In tandem, a 10-year tourism business plan is set to be developed, guiding marketing, and promotion efforts, and attracting private sector involvement. Simultaneously, Tripura’s tourism policy will undergo an update to align with evolving needs.

As an institution deeply committed to fostering prosperity, inclusivity, resilience, and sustainability across Asia and the Pacific, ADB’s involvement in Tripura underscores its dedication to eradicating extreme poverty.

Established in 1966, ADB boasts ownership by 68 members. It obtains its funding by issuing bonds on the world’s capital markets, contributions from member countries, retained earnings from lending operations, and the repayment of loans. (ANI)

ALSO READ: Seoul Urges EU Recognition for Carbon Credit System Amid Border Tax Talks

Previous Story

India Seeks Evidence From US in San Francisco Consulate Attack

Next Story

Priyanka Faces EC Notice For ‘False Statement’ Against Modi

Latest from -Top News

Canada Strikes Back with $30B Tariff List

Canada’s Finance Minister Dominic LeBlanc unveiled a full list of U.S. goods facing $30B in retaliatory tariffs..reports Asian Lite News Canada’s Finance Minister Dominic LeBlanc on Sunday released a full list of

Time for USAID to Die, Says Musk

Musk’s statement comes amid mounting reports that US President Donald Trump wants to abolish USAID…reports Asian Lite News American tech billionaire Elon Musk has called United States Agency for International Development (USAID)

Trump Spares Starmer 

US President says the UK has been “out of line” but added that the issues could be resolved…reports Asian Lite News US President Donald Trump indicated Sunday that he would not immediately

Top Russian Lawmaker in India for Talks

As part of his visit, Volodin is scheduled to meet with Indian leadership and visit both houses of the Indian Parliament…reports Asian Lite News Russian lawmaker Vyacheslav Volodin arrived in India on

Hamas Declares Gaza a ‘Disaster Zone’

Hamas Declares Gaza a ‘Disaster Zone’ as Crisis Deepens…reports Asian Lite News Hamas declared the Gaza Strip a “disaster zone”, warning of an unprecedented catastrophe that threatens the lives of its over
Go toTop

Don't Miss

ADB Greenlights $500M for Maharashtra Medical Transformation

According to ADB, this financial assistance is dedicated to enhancing

ADB’s $90 Million Loan to Enhance Bangladesh Water Supply

The campaign will target 100,000 people, with at least 60