January 2021 \ Business & Investment \ STATES: TRIPURA
ADB to give Rs 2100 crore loan to Tripura

The Asian Development Bank (ADB) is likely to provide ...

By Sujit Chakraborty
  • Mr Gitte Kirankumar Dinkarrao

The Asian Development Bank (ADB) is likely to provide a Rs 2,100 crore loan to the Tripura government for the development of urban areas and tourism in the northeastern state that borders Bangladesh, officials said in Agartala in December. According to Tripura’s Urban Development and Tourism Department Secretary Gitte Kirankumar Dinkarrao, of the Rs 2,100 crore expected to be provided by the ADB as loan, Rs 1600 crore will be for urban development and Rs 500 crore for the tourism sector.

“Under the loan arrangement, initially ADB would provide Rs 40 crore for engagement of project design and management consultants for urban and tourism sectors. Once the projects are prepared, ADB would provide Rs 1,600 crore for development works in urban areas and Rs 500 crore in tourism sector over the next three years,” Dinkarrao told IANS.

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