Tripura Urban and Tourism Development Project

The project will improve the municipal infrastructure and public services for 12 out of 20 urban local bodies (ULBs) along the main national highways in Tripura. In addition, the project will strengthen the capacities of those ULBs for integrated planning, including climate and disaster resilience, project management, operation and maintenance (O&M) of water supply and road, service delivery, and financial sustainability through improved resource mobilization and creditworthiness. The project also aims to upgrade key tourism sites that are accessible from selected project towns and build the capacity of the state tourism agency, the Tripura Tourism Development Corporation Limited (TTDCL), with a 10-year business plan and marketing strategy. This is the first urban project in India that has been prepared with project readiness financing.


PROJECT DETAILS

Commitment Date

Funding Type

Country

Sector

Status

Total Cost

22 Dec 2023

Loan

India

Transport

Ongoing

$125 million

KEY OUTPUTS

Municipal reforms and capacity of ULBs strengthened

Climate-resilient urban infrastructure improved

Tourist destinations improved

Capacity of tourism development corporation's operational services improved

FINANCING

$100 million (Asian Development Bank Ordinary Capital Resources)

$25 million (Government of India)