India, ADB sign 4.21 million dollar PRF facility for preparation of infrastructure projects

The Government of India and the Asian Development Bank (ADB) yesterday signed a 4.21 million dollar 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 of India. The signatories to the PRF for Tripura Urban and Tourism Development Project were, Additional Secretary, in the Finance Ministry Dr. C. S. Mohapatra and Country Director of ADB’s India Resident



Mission Takeo Konishi.

Dr. Mohapatra said the facility will support Tripura Government's priorities of improving urban services and tourism infrastructure that will help boost economic development. 

Mr Konishi said that the facility aims to ensure high readiness of ensuing infrastructure projects through feasibility studies, preparing detailed engineering designs, and capacity building of state level agencies while ensuring climate and disaster resilience and sustainability of sub -projects.