Union Government and the Asian Development Bank (ADB) have recently signed an $80 million loan agreement for improving the infrastructure in the two Northeastern cities – Agartala and Aizawl.
‘The loan is the third tranche of a $200 million financing facility under the North-Eastern Region Capital Cities Development Investment Program and will be used for investments in water supply, solid waste management and sanitation in Agartala and Aizwal,’ informed a top government official, adding, ‘It will also support urban reforms, benefiting nearly a million people in the both cities.’
‘Urban infrastructure and services in the Northeast are grossly inadequate and this third tranche loan will help these cities to improve and expand services, as well as strengthen the institutional, managerial, and financial capacity of service institutions,’ the official added.
Earlier ADB selected Shillong, Aizawl, Kohima, Gangtok and Agartala, however after witnessing the performance progress in implementing the financial support in earlier tranches, Aizawl and Agartala were selected again for the third time.
The Ministry of Urban Development will have to complete the third tranche-related activities by June 2019.