Friday, Mar 29 2024 | Time 10:09 Hrs(IST)
image
States » East


ADB approves loan of Rs 1650 Cr for Tripura towns

ADB approves loan of Rs 1650 Cr for Tripura towns

Agartala, Jun 16 (UNI) 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 1650 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 BB RN

More News

Probe into killing of two people in Meghalaya

28 Mar 2024 | 10:06 PM

Shillong, Mar 28 (UNI) Meghalaya police on Thursday said probe is on into the killing of two persons in Ichamati and Dalda in Meghalaya’s East Khasi Hills district along the India-Bangladesh border, even though no arrest was made in this connection till the filing of this report.

see more..

Ten candidates are in the fray for LS polls in Meghalaya

28 Mar 2024 | 9:59 PM

Shillong, Mar 28 (UNI) The nomination papers of ten candidates seeking to contest from two parliamentary seats in Meghalaya, Shillong, and Tura, were found valid during scrutiny on Thursday, an official said.

see more..

Notification issued for election in five Lok Sabha seats of Bihar

28 Mar 2024 | 9:47 PM

Patna, Mar 28 (UNI) The notification for conducting elections in five Parliamentary constituencies of Bihar was issued on Thursday.

see more..

Blaming betrayal Arun Kumar quits Chirags' party

28 Mar 2024 | 9:42 PM

Patna, Mar 28 (UNI) Annoyed with the denial of a ticket for the Lok Sabha elections, the national Vice President and former MP of Lok Janshakti Party (LJP-Ramvilas) Arun Kumar dissociated himself from the party accusing the party national President of betraying him.

see more..

NALCO launches new product AL 59 conductors

28 Mar 2024 | 9:30 PM

Bhubaneswar, Mar 28 (UNI) NALCO has launched a new product AL-59 in the form of an Aluminium Alloy Ingot.

see more..
image