ADB to give $1.85 bn to NE in 3 years
Multilateral funding agency Asian Development Bank (ADB) is likely to allocate a total of 1.85 billion dollars for the less developed northeastern states like Assam and Mizoram.
By PTI |
NEW DELHI: Multilateral funding agency Asian Development Bank (ADB) is likely to allocate a total of 1.85 billion dollars for the less developed northeastern states like Assam and Mizoram in the next three years.
ADB has earmarked 250 million dollars aid for development of cities in the region, according to the bank's India:Country Operations Business Plan for 2008-10.
In addition, during 2008 the multilateral agency would provide 100 million dollars for Assam Governance and Public Resource Management and 300 million dollars for roads development programmes.
Under the Assam Governance Programme, the agency would provide funds to the state government to help it increase revenue and improve fiscal performance.
Under the Northeastern Region Capital Cities Development Investment Programme, the agency would provide funds to improve the quality of urban living conditions and enhance urban productivity.
The cities to be covered in this programme are Agartala (Tripura), Aizawl (Mizoram), Shillong (Meghalaya), Kohima (Nagaland), and Gangtok (Sikkim).
According to the Business Plan, the ADB would provide 550 million dollars to the northeastern region during 2009 for programmes like North East States Integrated Food Control and River Erosion Mitigation Project, Assam energy efficiency enhancement project, etc.
For 2010, the ADB approved about 650 million dollars for funding projects which include North East Region Urban Development Investment Programme and North East National Highway Investment Programme.
ADB has earmarked 250 million dollars aid for development of cities in the region, according to the bank's India:Country Operations Business Plan for 2008-10.
In addition, during 2008 the multilateral agency would provide 100 million dollars for Assam Governance and Public Resource Management and 300 million dollars for roads development programmes.
Under the Assam Governance Programme, the agency would provide funds to the state government to help it increase revenue and improve fiscal performance.
Under the Northeastern Region Capital Cities Development Investment Programme, the agency would provide funds to improve the quality of urban living conditions and enhance urban productivity.
The cities to be covered in this programme are Agartala (Tripura), Aizawl (Mizoram), Shillong (Meghalaya), Kohima (Nagaland), and Gangtok (Sikkim).
ADVERTISEMENT
According to the Business Plan, the ADB would provide 550 million dollars to the northeastern region during 2009 for programmes like North East States Integrated Food Control and River Erosion Mitigation Project, Assam energy efficiency enhancement project, etc.
For 2010, the ADB approved about 650 million dollars for funding projects which include North East Region Urban Development Investment Programme and North East National Highway Investment Programme.
Download
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
ADVERTISEMENT
