Asian Development Bank (ADB) has approved Rs 1650 Cr for infrastructure development in seven districts in BJP-ruled Tripura.
A project submitted by urban development department amounting to Rs. 1650 Cr ($235 million) for infrastructure development such as piped water supply, underground drainage, underground sewage or scientific septage management, roads with pavement etc in seven district Headquarter towns have been approved by the bank.
The town selected for the project are Khowai, Ambassa, Dharmnagar, Kailashahar, Udaipur, Bishramganj and Belonia.
Asian Development Bank will provide Rs.1650 Cr ($235 million) out of which 80% is grant in aid and the State will have to repay only 20% loan in due course of time.
Department of economic affairs (DEA) approved the said project in 89th Screening Committee meeting held in North Block New Delhi on Saturday.
Subsequently ministry of external affairs, ministry of housing and urban affairs and ministry of home affairs approved the said project.
Accordingly Asian Development Bank (ADB) sent Consultation Mission to Agartala to seek the feasibility of project Readiness Financing (PFR) & Technical Assistance (TA) for preparations of DPRs of this project. ADB recommended for PFR & TA of Rs. 21 Cr ($3 million) for this project.
The proposal of PFR for Rs. 21 Cr ( $ 3 million) has been approved by the Screening Committee of DEA, Ministry of finance in New Delhi on June 14.
Now the state urban development department will start preparing DPRs with the assistance of ADB for speedy execution of the said project.