Current Affairs Exam

Govt Signs $61 Million Loan With ADB

The Asian (ADB) has agreed to lend $61 million to the Indian Govt. to enhance living conditions, stimulate new developments in Agartala.

Highlights:

A loan agreement was reached between India and the Asian Development Bank for the Agartala City After Urban Development Project.

This initiative is in line with the Smart City Mission’s objective of improving urban Infrastructure Services.

It will improve Agartala’s liveability by improving road connectivity, implementing flood-resilient measures, and enhancing the appeal of tourism attractions.

Through this project, the ADB hopes to catalyse synergies with smart city components that are being implemented in Agartala.

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