Summary:
Agartala, Nov 2 (PTI) Asian Development Bank (ADB) has approved a loan amounting to around Rs 458 crore for strengthening urban infrastructure in Tripura"s capital Agartala, an official said on Tuesday.
The financial support will be provided to harness technology and promote new developments to accommodate the increasing population in Agartala, he said.
Agartala, one of the fastest-developing cities in the country, is strategically located near the Bangladesh–Bhutan–India–Nepal economic corridor and has the potential to become a commercial hub for the northeastern region, the official said.
“ADB"s support is aligned with the Centre"s Smart Cities Mission programme, which will drive economic growth through local area development," ADB Urban Development Specialist for South Asia Pedro Almeida said.
The project will upgrade the city’s urban infrastructure and services that will facilitate economic resilience and improve the quality of life of its residents, the official said.
However, the city currently suffers from poor infrastructure such as inadequate drainage systems and road networks.