ADB loan for urban infra & Highways in NER
Government of India has signed Asian Development Bank (ADB) loan agreements relating to North Eastern Region Capital Cities Development Investment Program-Project-1 and National Highway Corridor (Sector I) Project (Supplementary). While Dr Anup K Pujari, joint secretary, Ministry of Finance signed the loans on behalf of the Government of India, Prodyut Dutt, office-in-charge, India Resident Mission, ADB signed on behalf of the Bank.
The NE Capital Cities Development Program is for US$200 million. Trache-1 of this project amounts for US$30 million. The purpose and objective of the Project-1 is to improve the quality of life for 1.2 million people and enhance urban productivity in the five capital cities namely Agartala (Tripura), Aizwal (Mizoram), Shillong (Meghalaya), Kohima (Nagaland) and Gangtok (Sikkim) of the North Eastern States. These would be achieved through increasing the access to urban infrastructure and services of the city populations; supporting urban institutional, management, service delivery; financial reforms to create an environment and capacities for sustainable provision of urban infrastructure and services. Ministry of Urban Development through the State Governments of Meghalaya, Mizoram, Nagaland, Sikkim and Tripura would be the Executing Agencies.
Under the National Highway Corridor (Sector I) Project, ADB would provide a loan of US$100 million. The purpose and objective is to rehabilitate and widen priority sections of the East West Corridor, with emphasis on 662 km of existing highway in the states of Rajasthan, Madhya Pradesh, and Uttar Pradesh. The initial loan agreement was signed on 27th October, 2004 for ADB’s assistance of US$400 million.