Quick Summary
The Asian Development Bank (ADB) and the Government of India today signed a $4.21 million project readiness financing (PRF) facility for the preparation of infrastructure development projects to improve urban amenities and develop tourism infrastructure in the northeastern state of Tripura. This is ADBs first PRF facility for a state in the northeastern region of India. The signatories to the PRF for Tripura Urban and Tourism Development Project were Dr. C. S. Mohapatra, Additional Secretary,
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FAQ :
The facility is a project readiness financing (PRF) of $4.21 million designed to support the preparation of infrastructure development projects in Tripura, focusing on urban amenities and tourism infrastructure.
Yes, this is ADB's first PRF facility for a state in the northeastern region of India.
The PRF will help finance integrated infrastructure development plans for 7 district headquarter towns and 13 urban local bodies, focusing on water supply, sanitation, storm water drainage, urban roads, and urban amenities, as well as integrated tourism infrastructure plans.
The facility will support the state government's objectives to improve tourism's economic contribution by developing integrated tourism infrastructure plans, including provisioning of amenities, improving road connectivity to destinations, and supporting marketing and promotion strategies.
The facility aims to ensure high readiness of ensuing infrastructure projects through feasibility studies, detailed engineering designs, and capacity building of state agencies, while ensuring climate and disaster resilience, inclusiveness, and sustainability.
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