India, ADB Sign Facility to Help Boost Tripura’s Urban Services and Tourism

18 December 2020

The Government of India and the Asian Development Bank (ADB) signed a project readiness financing (PRF) facility worth $4.21 million for the Tripura Urban and Tourism Development Project. The Government of India will provide complementary financing of $1.05 million. The PRF will support the state government of Tripura in preparing infrastructure development projects that will upgrade the state’s urban amenities and boost its tourism infrastructure.

Mr. C. S. Mohapatra, Additional Secretary, Department of Economic Affairs in the Ministry of Finance of the Government of India and Mr. Takeo Konishi, Country Director, ADB India Resident Mission, signed the project readiness financing for India and ADB, respectively.

The state of Tripura is challenged by inadequate urban infrastructure and low institutional capacity of urban local bodies. Furthermore, tourism growth in Tripura is hindered by inadequate infrastructure and lack of planned activities. The PRF will undertake a holistic approach in its development of key infrastructure investment projects and related reforms.

To help boost its economic development, the PRF will help (i) improve its urban infrastructure and amenities of identified urban areas; (ii) enhance its integrated tourism infrastructure, marketing, and tourism promotion strategies; (iii) strengthen the technical, procurement, and financial capacities of the agencies that will prepare and undertake the ensuing projects, and empower local communities; and (iv) initiate sector and institutional reforms.

Mr. Konishi noted that the facility aims to ensure high readiness of ensuing infrastructure projects through undertaking feasibility studies, preparation of detailed engineering designs, and capacity building of state level agencies. The project will also ensure climate and disaster resilience, inclusiveness, and sustainability of subprojects.



Related Links:

Project Data Sheet

ADB, India Sign Facility to Support Preparation of Infrastructure Projects in Tripura


Tripura State Museum photo by Sharada Prasad CS on Flickr

The National Board of Revenue (NBR) of the Government of Bangladesh is set to open National Single Window...

Read More

Bhutan will build the Gelephu Smart City Project in the Gelephu Special Administrative Region (SAR) to facilitate more...

Read More

Mr. Shakti Bahadur Basnet, Nepal Minister for Energy, inaugurated on 11 December 2023 the Kushma-Butwal power transmission line...

Read More

The Government of Bangladesh and the Asian Development Bank (ADB) signed an agreement for the ...

Read More

The Asian Development Bank (ADB) has approved $336.5 million loan financing under the Asia Pacific Vaccine Access Facility...

Read More

The King of Bhutan, His Majesty Jigme Khesar Namgyel Wangchuck, paid an official visit to India on 3-10...

Read More

Bangladesh Prime Minister Sheikh Hasina and India Prime Minister Narendra Modi inaugurated the Akhaura-Agartala railway link during an...

Read More