The Asian Development Bank (ADB) has approved a project worth Rs 1,650 crore to develop infrastructure in seven district headquarter towns of Tripura, a senior official has said.
The ADB will provide Rs 1,650 crore, out of which 80 per cent will be grant-in-aid and the state will have to repay 20 per cent loan in due course of time, he said.
Such an ADB-assisted ambitious infrastructure development project, first of its kind in Tripura, is expected to modernize all the district headquarter towns and boost tourism and trade prospects in the future to realise the vision of Chief Minister Biplab Kumar Deb of transforming Tripura into a model state," the official told reporters on Sunday.
Till now, there had been no provision of any funding for development of district headquarter towns in Tripura other than Agartala, he said.