Monday, July 7, 2025
spot_img

ADB approves loan of Rs 1650 Cr for Tripura

Date:

Share post:

spot_imgspot_img

Agartala: Asian Development Bank (ADB) has approved a project amounting to Rs. 1650 Cr (235 million US dollar) submitted by Tripura government for infrastructure development in seven district headquarters of the state except for capital city.
According to report, the project included piped water supply, underground drainage, underground sewage or scientific seepage management and roads with pavement in seven district headquarters – Khowai, Ambassa, Dharmanagar, Kailashahar, Udaipur, Bishramganj and Belonia.
The Asian Development Bank will provide Rs 1,650 Cr out of which 80 per cent is grant-in-aid and the state will have to repay back only 20 per cent loan in due course of time.
Department of Economic Affairs (DEA) under Union Ministry of Finance had approved the project in its 89th Screening Committee meeting held in November last year.
The Ministry of External Affairs, Ministry of Housing and Urban Affairs and Ministry of Home Affairs approved the project.
Accordingly, ADB had sent a Consultation Mission to Agartala on December 21, 2018, to seek the feasibility of Project Readiness Financing (PFR) and Technical Assistance (TA) for preparations of DPRs.
The ADB recommended for PFR and TA of Rs. 21 crore for this project.
“Now Urban Development department will start preparing DPRs with the assistance of ADB for speedy execution of the project and till date, there has been no provision of any funding for development of district headquarters in Tripura other than Agartala,” officials stated.
To generate the opportunity for own funding, Tripura government has constituted a separate body to generate infrastructure development fund under which the board will approach all the government departments and undertakings to deposit money in their account instead of savings in banks.
The board will offer the same benefits and assurance to the depositors and the fund raises in the board would be spent for infrastructure in the state. (UNI)

spot_imgspot_img

Related articles

On 10th Muharram, Kashmir makes two loud statements of ‘Kashmiriyat’

Srinagar, July 6: As Jammu and Kashmir Lt Governor Manoj Sinha joined Muslim mourners during the 10th Muharram...

CM Rekha Gupta slams AAP’s health model, terms ‘Mohalla Clinics’ a ‘photo propaganda’

New Delhi, July 6:Delhi Chief Minister Rekha Gupta on Sunday launched a scathing attack on the Aam Aadmi...

MP govt initiates probe in school repair work after irregularities surface on social media

Bhopal, July 6 : A swift and high-level investigation was initiated after a serious case of financial malpractice...

Inspired by PM Modi, UP restaurateur’s ‘Pradhanmantri Chaiwala’ grabs spotlight

New Delhi, July 6 : While several roadside eateries and dhabas along the Kanwar Yatra route are under...