Meghalaya gets $300-mn foreign funded MITP

The state cabinet has decided to build Meghalaya Integrated Transport Project (MITP) under the externally aided project of the Central government to improve connectivity in the state. Union finance ministry already approved the project of worth $300 million sought in two phases which comprised of 150 million US dollars each. Meghalaya information minister James K Sangma said that the MITP has been planned with the objective to improve road connectivity, ropeways and inland and waterways for transportation while keeping in view the tourism opportunities in the state. This program is also expected to bring about better access to markets, ease traffic congestion and promote socio-economic development. Eighty per cent of the funding would come as external assistance under the externally aided project (EAP), and the remaining 20 per cent would comprise 10 per cent to be funded by the state, and 10 per cent would come as a loan, he claimed.