Wednesday, September 28, 2022

Asian Development Bank to provide USD 2 million loan to Nagaland for urban development

Spl. Correspondent

A $2 million (approximately over Rs. 15 crore) Project Readiness Financing (PRF) Loan was singed between Government of India and Asian Development Bank (ADB) Tuesday for designing climate resilient urban infrastructure, strengthening institutional capacity and improving municipal resource mobilization in 16 district headquarter towns (DHTs) in Nagaland.
PRF loan will help design water supply, sanitation, solid waste management and urban roads in 16 DTHs with climate resilient features and improved access to poor and vulnerable.
Capacity building of state agencies will help augment own-resource mobilization by urban local bodies (ULBs), improve their readiness for implementing the ensuing project and initiating sector and institutional reforms.
The signatories to the PRF for the proposed Nagaland Urban Infrastructure Development Project were Rajat Kumar Mishra, Additional Secretary, Department of Economic Affairs in the Ministry of Finance, who signed for the Government of India, and Takeo Konishi, Country Director of ADB’s India Resident Mission who signed for ADB.
After signing the Agreement, Mishra said that the facility would support key preparatory activities for the ensuing project aimed at improving urban infrastructure and services in Nagaland to help the state realize its economic potential. He said that the Centre was committed for development of North East region.
“The ADB financing will ensure high readiness of the ensuing project through preparing an urban sector strategy, undertaking feasibility studies and detailed engineering designs of selected subprojects and building capacity of state level agencies in project implementation, resource mobilization and anchoring reforms”, said Konishi.
Nagaland’s towns and cities face the long-term challenges of climate change, lack of basic amenities, poor connectivity. Major transport routes around urban areas are severely affected by landslides during the monsoon season. Urban roads are in poor condition without proper stormwater drainage. Most cities face acute water shortage and except Dimapur have inadequate sewerage or septage management system. All these issues constrain economic development of the state.

SourceNPN