ADB approves Rs 1,650 Crore Infra Projects in Tripura

The Asian Development Bank (ADB) has approved a project worth Rs 1,650 crore to develop infrastructure in seven district headquarter towns of Tripura. The ADB will provide Rs 1,650 crore, out of which 80 per cent will be grant-in-aid and the state will have to repay 20 per cent loan in due course of time. The ADB has approved the project submitted by the Urban Development Department amounting to Rs 1,650 crore for infrastructure development such as piped water supply, underground drainage, underground sewage or scientific seepage management, roads with pavement, in the seven district headquarter towns, other than Agartala.

The project will be taken up in Khowai, Ambassa, Dharmnagar, Kailashahar, Udaipur, Bishramganj and Belonia. Representatives from the Department of Economic Affairs (DEA), Ministry of Finance, Ministry of External Affairs, Ministry of Housing and Urban Affairs and the Ministry of Home Affairs had approved the project in its 89th screening committee meeting held in November 15, 2018.

Accordingly, the ADB sent a Consultation Mission to Agartala, on December 21, 2018 to seek the feasibility of Project Financing Readiness (PFR) and Technical Assistance (TA) for preparations of DPRs of this project, the official said, adding the project received the final approval on June 14.

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