ADB approves Rs 1,650 cr infra projects in Tripura

The Asian Development Bank (ADB) has approved projects for infrastructure development worth Rs 1,650 crore ($235 million) in seven of the eight districts headquarter towns in Tripura.

The ADB would give 80% of the amount as grant-in-aid and the Tripura Government would have to repay back only 20% loan in due course of time.

Important Takeaways for IBPS RRB/ RRB NTPC Exams:

  • The ADB established on 19th December 1966.
  • Takehiko Nakao is the president of ADB.
  • Biplab Kumar Deb is CM of Tripura.

Source- The Hindu Business Line

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