ADB, World Bank fund for NE development projects
Govt has taken a special initiative to mobilise external aid, including from Asian Development Bank and World Bank.
By PTI |
NEW DELHI: For catalysing development of the Northeast, the government has taken a special initiative to mobilise external aid, including from Asian Development Bank and World Bank, for upgradation of the region's roads, bridges, urban infrastructure and boosting trade.
"At present, there are three ADB-assisted and two World Bank-assisted projects in the Northeastern region," the Parliamentary Standing Committee on Home Affairs said in its report submitted to Rajya Sabha.
The projects are: ADB-assisted North Eastern State Roads Project (NESRP), North Eastern Urban Development Project (NEUDP), NE States Trade Investment Creation Initiative Project (NESTICI) and World Bank-assisted North Eastern Region Livelihood Projects (NERLP) and Study on Water, Natural Resources and the Environment.
The main objective of NESRP is to upgrade 1300 kilometres of priority roads, 5500 metres of bridges and construction of 4700 metres of causeway Irish crossings in the eight North Eastern states so as to facilitate regional integration and trade flows.
"The total estimated cost of the project is USD 428 million of which ADB proposed to finance up to USD 300 million and Government of India is required to finance the balance USD 128 million," the report said.
Through the NEUDP, the government seeks to improve urban infrastructure in nine cities in the region in two phases. The estimated cost of Phase-I of the project is USD 350 million.
"At present, there are three ADB-assisted and two World Bank-assisted projects in the Northeastern region," the Parliamentary Standing Committee on Home Affairs said in its report submitted to Rajya Sabha.
The projects are: ADB-assisted North Eastern State Roads Project (NESRP), North Eastern Urban Development Project (NEUDP), NE States Trade Investment Creation Initiative Project (NESTICI) and World Bank-assisted North Eastern Region Livelihood Projects (NERLP) and Study on Water, Natural Resources and the Environment.
The main objective of NESRP is to upgrade 1300 kilometres of priority roads, 5500 metres of bridges and construction of 4700 metres of causeway Irish crossings in the eight North Eastern states so as to facilitate regional integration and trade flows.
"The total estimated cost of the project is USD 428 million of which ADB proposed to finance up to USD 300 million and Government of India is required to finance the balance USD 128 million," the report said.
Through the NEUDP, the government seeks to improve urban infrastructure in nine cities in the region in two phases. The estimated cost of Phase-I of the project is USD 350 million.
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