Monday, March 2, 2009

ADB Is Planning To Invest Rs 13.71 Billion - March 2, 2009

The Asian Development Bank (ADB) is planning to invest Rs 13.71 billion for developing urban facilities and solid waste management in the capitals of five under-developed states, officials said on Sunday.

The ADB-assisted North Eastern Region Urban Development Programme will be executed over six years and will cover Agartala (Tripura), Shillong (Meghalaya), Aizawl in Mizoram, Kohima (Nagaland) and Gangtok (Sikkim). "The central government has approved the ADB-assisted programme," said Tripura Urban Development Minister Manik Dey.

"The ADB''s technical and programme appraisal teams had visited the five capitals a number of times to finalise the scheme, which is scheduled to be completed by 2015," the minister told.

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