The first instalment of Asian Development Bank's (ADB) Rs 1,650 crore loan for infrastructure development in seven of the eight district headquarter towns in Tripura, has been approved, an official release said on Friday (11 October).
"The Department of Economic Affairs, under the Finance Ministry of the Indian government has approved the first instalment of Rs 17.75 crore ($2.5 million) of the ADB loan to take up development of seven district headquarters (except West Tripura District Headquarters and state capital city Agartala) through Urban Development Department of the state government," the release said.
The release said that the first instalment of Rs 17.75 crore would be spent mainly for conducting engineering survey, preparing estimates and DPRs (Detailed Project Reports) for roads, water supply, drainage, sewerage and major urban infrastructure works in these seven district towns.
(This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.)
As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.
Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.
We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.
Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.