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Tripura infrastructure: India, ADB sign project readiness financing facility

December 18, 2020 × The Asian Development Bank (ADB) and India on Friday signed a $4.21-million project readiness financing (PRF) facility for the preparation of infrastructure development projects to improve urban amenities and develop tourism infrastructure in Tripura. This is ADB’s first PRF facility for a State in the northeastern region. The signatories to the PRF for Tripura Urban and Tourism Development Project were CS Mohapatra, Additional Secretary, Department of Economic Affairs in the Ministry of Finance who signed for the Indian government, and Takeo Konishi, Country Director of ADB’s India Resident Mission who signed for ADB. Mohapatra said the facility will support the Tripura government’s priorities of improving urban services and tourism infrastructure through holistic planning by developing key infrastructure investment projects and related reforms in these sectors that will help boost economic development.

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