The Government of India and the Asian Development Bank (ADB) have signed a US $4.21 million project readiness financing (PRF) facility for the preparation of infrastructure development projects to improve urban amenities and develop tourism infrastructure in Tripura. This is ADB’s first PRF facility for a state in the northeastern region of India.
About PRF facility:
- The facility will support the Tripura Government’s priorities of improving urban services and tourism infrastructure that will help boost economic development.
- The facility aims to ensure high readiness of ensuing infrastructure projects through feasibility studies, preparing detailed engineering designs, and capacity building of state-level agencies while ensuring climate and disaster resilience and sustainability of sub-projects.