ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Railways
  • World
    • Economy
    • Politics
    • Markets
  • Survey
  • videos
  • photos
  • More ...
    • VIDEOS
    • PHOTOS
BREAKING NEWS
  • RBI extends implementation of card tokenisation norms by 3 months; deadline extended till 30 September
  • EXCLUSIVE: 'Noida International Airport at Jewar to be jewel in crown of Indian aviation sector' - Know what all is coming up at
  • D-Street Corner: Market gains 2.7% in highly volatile week, investors richer by 5.5 lakh cr; what should investors do on Monday?
  • Sebi allows UPI payment option to invest in public issues of REITs, InvITs with effect from 1 August
  • Netflix lays off 450 employees in two months—Here's what's bothering OTT giant
Read in App
Business News » India News

Big infra boost: ADB approves Rs 1,650 cr for Tripura project

In what comes as a major infrastructure boost for the state, the Asian Development Bank (ADB) has approved a project worth Rs 1,650 crore for development in seven district headquarter towns of Tripura.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Big infra boost: ADB approves Rs 1,650 cr for Tripura project
The ADB will provide a total of Rs 1,650 crore for these projects 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. Source - PTI.

In what comes as a major infrastructure boost for the state, the Asian Development Bank (ADB) has approved a project worth Rs 1,650 crore for development in seven district headquarter towns of Tripura. The ADB will provide a total of Rs 1,650 crore for these projects 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. This will be a first of its kind, ADB-assisted infrastructure development project in the state, 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.

Till now, there had been no provision of any funding for development of district headquarter towns in Tripura other than Agartala, he said. "The ADB has approved the project submitted by the Urban Development Department amounting to Rs 1,650 crore for infrastructure development such as piped water supply, underground drainage, underground sewage or scientific seepage management, roads with pavement, in the seven district headquarter towns, other than Agartala," the official was quoted as saying by PTI. 

The project will be taken up in Khowai, Ambassa, Dharmnagar, Kailashahar, Udaipur, Bishramganj and Belonia. It was approved in the 89th screening committee meeting held in November 15, 2018 by representatives from the Department of Economic Affairs (DEA), Ministry of Finance, Ministry of External Affairs, Ministry of Housing and Urban Affairs and the Ministry of Home Affairs.

Accordingly, the ADB sent a Consultation Mission to Agartala, on December 21, 2018 to seek the feasibility of Project Financing Readiness (PFR) and Technical Assistance (TA) for preparations of DPRs of this project, the official said, adding the project received the final approval on June 14. The Urban Development Department of the Tripura government will start preparing DPRs with the assistance of ADB for speedy execution of the said project, he said.

"For the first time, the state government has taken a concrete decision for development of infrastructure in seven of the eight district headquarter towns, to meet the long- standing demand of the people," he added. 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Tripura
Written By: ZeeBiz WebTeam
Updated: Mon, Jun 17, 2019
11:36 am
New Delhi, ZeeBiz WebDesk
RELATED NEWS
Tripura cabinet expanded; three new ministers inducted - check names here Tripura cabinet expanded; three new ministers inducted - check names here
TJEE 2021: Last date for registration extended, check how to apply online at tbjee.nic.in - also see exam date, exam pattern and all other details here TJEE 2021: Last date for registration extended, check how to apply online at tbjee.nic.in - also see exam date, exam pattern and all other details here
7th Pay Commission: What PM Narendra Modi said while inaugurating Maitri Setu between India-Bangladesh 7th Pay Commission: What PM Narendra Modi said while inaugurating Maitri Setu between India-Bangladesh
7th Pay Commission: CONFIRMED! 3% DA, DR hike for government employees, pensioners of THIS state from March 1 7th Pay Commission: CONFIRMED! 3% DA, DR hike for government employees, pensioners of THIS state from March 1
Tripura teachers jobs, recruitment 2020: Online application to fill up 4,080 TGT, PGT and other posts begins today December 1 in this state | check details  Tripura teachers jobs, recruitment 2020: Online application to fill up 4,080 TGT, PGT and other posts begins today December 1 in this state | check details

LATEST NEWS

This Mukul Agrawal textile stock may grow over 52% on strong export outlook and government initiatives

Strong fundamentals, good dividend yield make Coal India, ONGC, NTPC, 3 other stocks good bets in current market—Check TPs, dividend payout ratios

Indian markets should start its journey upward by October – know why? Analyst lists out 4 reasons

RBI exploring options to ensure customer safety dealing with PPIs issued by non-bank entities

US one step away from historic gun law reforms

How has technology changed the face of investing and what lies ahead? Analyst decodes

Two-thirds of MSME loan originations concentrated in Maharashtra, Tamil Nadu, and Delhi: Credit information company data

Net profits of manufacturing companies surged by over 50% in FY22, says RBI

Government extends levy of GST compensation cess till March 2026, finance ministry issues notification

iOS users can now securely save their passwords in Chrome

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2022. India Dot Com Private Limited. All Rights Reserved.
LIVE TV