ADB announces $4.21 booster for urban infra in Tripura

The Asian Development Bank (ADB) and the Union government have 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 ADB's first PRF facility for a state in the northeastern region for which the signatories included Dr C.S.Mohapatra, Additional Secretary, Department of Economic Affairs in the Ministry of Finance and Country Director of ADB's India Resident Mission, Takeo Konishi. The facility will support the state government's priorities of improving urban services and tourism through holistic planning by developing key infrastructure investment projects and related reforms in these sectors thereby helping boost economic development. ADB India's head informed that the facility aims to ensure high readiness of ensuring infrastructure projects through feasibility studies, preparing detailed engineering designs, and capacity building of state-level agencies while ensuring climate and disaster resilience, inclusiveness and sustainability of sub-projects.