ADB to provide USD 61 million loan for development projects in Agartala, BFSI News, ET BFSI

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The Central government has inked a pact with multilateral funding agency Asian Development Bank for USD 61 million (around Rs 454 crore) loan to fund development projects in Agartala, Tripura. The government and Asian Development Bank (ADB) have signed a USD 61 million loan to improve livability, harness technology and promote new developments to accommodate the expanding population in Agartala city while building the capacity of state agencies for improved service delivery, an official release said on Monday.

The loan agreement for the Agartala City Urban Development Project was signed by Rajat Kumar Mishra, Additional Secretary, Department of Economic Affairs, Ministry of Finance on behalf of the government and Takeo Konishi, Country Director of ADB’s India Resident Mission.

The project is aligned to the vision of the government Smart City Mission to upgrade urban infrastructure services and will improve livability in Agartala with the provision of better road connectivity, flood resilient measures and making tourist places more attractive, Mishra said.

“Through this project, ADB will catalyse synergies with the smart city components being implemented in Agartala through an underground utility corridor with the shifting of electrical lines, incorporating elderly, women, children, and differently-abled responsive features, improving road geometry along with urban design interventions,” Konishi said

The provision of asset management and sustainability strategy, capacity-building of tourism operators and livelihood improvement of street vendors and artisans will serve as a model to other assets and tourist attractions in Agartala, and other cities in Tripura, he added.

The project will build and upgrade 48 kilometres of new or existing stormwater drainage and construct 23 km of climate-resilient urban roads.

It will also fund the renovation of open spaces and create water recreation and lakeside walkways in Maharaja Bir Bikram College Lake and Ujjayanta Palace — major tourist attractions in the city.

Developing Agartala’s central and north zones as models of area-based development following the principles of the smart city mission initiative is expected to have a ripple effect on other parts of the city and nearby cities and towns by making urban areas more livable, citizen-friendly, resilient, and sustainable, the release said.

(With PTI inputs)



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Union Finance Minister Nirmala Sitharaman inaugurated 12 developmental projects in Tripura, BFSI News, ET BFSI

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Union Finance Minister Nirmala Sitharaman inaugurated 12 developmental projects in Tripura. She reviewed the progress of Externally Aided Projects (EAP) worth Rs 7,719 crore.

The finance minister is on a two-day visit to Tripura. The state is implementing EAPs in the afforestation and livelihood, power transmission, water supply sectors and infrastructure development.

Tripura chief minister Biplab Kumar Deb tweeted, “Attended the Externally Aided Project’s review meeting with FM Smt. @nsitharaman Ji Deputy CM @Jishnu_Devvarma & other officials were present on the occasion These EAPs are important for the holistic development of the state and the betterment of the livelihood of its citizens”.

Tripura Chief Secretary Kumar Alok the finance minister reviewed the EAPs and appreciated the pace of implementation. Tripura might get more EAPs.

The finance minister inaugurated Rs 38.03 crore World Bank aided 132 KV electric sub-station besides Rs 20 crore worth three Surface Water Treatment plants funded by Asian Development Bank.

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FM promises Rs 1,300 crore development package for Tripura tribal areas, BFSI News, ET BFSI

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Union Finance Minister Nirmala Sitharaman on Friday promised that a Rs 1300-crore project for Sustainable Development and Infrastructure Development for Tripura‘s Tribal areas would be cleared within the next 10 days.

Addressing a meeting after inaugurating a slew of 11 projects at Mohanpur, about 50 km from here, Sitharaman said the Rs. 1300-crore project with World Bank funding would ensure an all-round development in the state’s tribal areas.

Tribals form one third of the state’s population. In recent elections to the Tripura Tribal Areas Autonomous District Council, the ruling BJP and its allies were trounced by the newly formed Tipraha Indigenous Progressive Regional Alliance led by a former royal, Pradyot Kishore Deb Barman, causing alarms about the future electoral prospects of the ruling alliance.

She also announced that two other projects worth over Rs 21 crore were cleared by the Centre on Friday morning itself. The two projects include- widening of state highways (Rs. 14.15 crore) and various works in the capital city (7.4 crore).

The Union Finance Minister, who arrived in Tripura on a two-day visit, besides inaugurating local projects worth Rs. 189 crore, also reviewed the status of on-going Externally-Aided Projects (EAPs).

Besides, Sitharaman the review meeting was also attended by Chief Minister Biplab Kumar Deb, Deputy Chief Minister Jishnu Dev Varma, Chief Secretary Kumar Alok and other senior officials.

According to a tweet from Sitharaman’s office, the EAPs include Project for Sustainable Catchment Forest Management in Tripura (funding by Japan Internal Cooperation Agency), Tripura Urban and Tourism Development Project (funded by Asian Development Bank) and North Eastern Region Power System Improvement Project (funded by World Bank). These projects are meant for overall development of the state cutting across areas like education, health, communication, infrastructure, power and livelihood support.

Chief Minister Biplab Kumar Deb in a social media post also said the Union Minister had congratulated the state government for work done through EAPs in Tripura.

“FM Nirmala Sitharaman congratulates state officials on work done through EAPs for the holistic development of the state,” Deb wrote on his official Facebook handle.

The Union Finance Minister also interacted with health officials and met beneficiaries of Tripura’s ongoing Covid vaccination drive at a centre at Gandhigram, about 10 km from here. Sitharaman’s office later tweeted, “As on August 27, 33,24,427 anti-COVID vaccine doses have been administered in Tripura. 24,53,931 beneficiaries have received the first dose while 8,70,496 beneficiaries have received the second dose of vaccine. Tripura has 358 sites conducting vaccination.”

Accompanied by chief minister Deb, the Union Minister also paid a visit to Hatipara Forest Complex at Gandhigram. She inspected the Non-Timber Forest Products (NTFP) Centre and Agar plantation where she was apprised by the officials about the potentials of Tripura’s Agar sector. She also planted a sapling.

Sitharaman will visit Matabari temple at Udaipur and then Dasarath Deb Memorial School Ground at Killa village council under Gomati district where she will hold a meeting and interact with the members of women-run Self-Help Groups.

She is also slated to flag-off a mobile van of Tripura State Cooperative Bank Ltd on the occasion of 7th anniversary of Pradhan Mantri Van Dhan Yojana, before leaving the state.



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