Nagaland: Asian Development Bank to provide USD 2 million for urban development
The Government of India and the Asian Development Bank or ADB on Tuesday signed a 2 million US Dollar Project Readiness Financing or PRF Loan for designing climate resilient urban
The Government of India and the Asian Development Bank or ADB on Tuesday signed a 2 million US Dollar Project Readiness Financing or PRF Loan for designing climate resilient urban infrastructure, strengthening institutional capacity and improving municipal resource mobilization in 16 district headquarter towns or DHTs in Nagaland.
The PRF loan will help design water supply, sanitation, solid waste management and urban roads in 16 DTHs with climate resilient features and improved access to poor and vulnerable.
The signatories to the PRF for the proposed Nagaland Urban Infrastructure Development Project were Rajat Kumar Mishra, Additional Secretary, Department of Economic Affairs in the Ministry of Finance who signed for the Government of India, and Takeo Konishi, Country Director of ADB’s India Resident Mission who signed for ADB.
After signing the agreement, Rajat Kumar Mishra said that the facility would support key preparatory activities for the ensuing project aimed at improving urban infrastructure and services in Nagaland to help the state realize its economic potential.
He said that the Government of India is committed for development of the Northeast region.
It may be mentioned that Nagaland’s towns and cities face the long-term challenges of climate change, lack of basic amenities and poor connectivity. Major transport routes around urban areas are severely affected by landslides during the monsoon season.
Most cities also face acute water shortage and, except Dimapur, have inadequate sewerage or septage management system. All these issues constrain economic development of the state.
First Published: 13th April, 2022 13:45 IST