The Union Government on 28 January 2016 signed an 80million US dollar loan agreement with the Asian Development Bank (ADB) to continue improving infrastructure in Agartala (Tripura) and Aizwal (Mizoram).
The loan agreement was signed by Raj Kumar, Joint Secretary ministry of Finance and Teresa Kho, Country Director, ADB.
The loan is the third tranche of a 200 million US dollar financing facility under the North Eastern Region Capital cities Development Investment Programme. It will be used for investments in water supply, solid waste management and sanitation in the two North Eastern capital cities.
It will also support urban reforms, benefiting nearly a million people in the two cities.
The third tranche loan from ADB’s ordinary capital resources has a 20-year term. The Ministry of Urban Development is responsible for implementing the tranche 3 activities and overall program, which are both due for completion by June 2019.
Previous program tranches have provided assistance to five other cities in the Northeast—Shillong (Meghalaya), Aizawl (Mizoram), Kohima (Nagaland), Gangtok (Sikkim) and Agartala (Tripura).
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When: 28 January 2016