Tamil Nadu to get USD 31 million ADB aid for tourism development
Tamil Nadu will get a loan of USD 31 million from The Asian Development Bank (ADB) to develop tourism and to enhance employment opportunities in the state. It was revealed by a finance ministry statement issued on December 11. This loan is a part of Infrastructure Development Investment Program for Tourism (IDIPT).
“The project (IDIPT) will support the conservation and restoration of 8 heritage monuments, 1 museum, 3 temples and a pond,” states the press release.
“It will build various facilities at the tourism sites, including tourist information center, rest centers and toilet blocks, with facilities served by solar-powered lighting and energy efficient lighting,” the statement said.
The total cost of the project is USD 44.04 million, of which the government will provide USD 13.04 million. The project is expected to be completed in June 2020.
IDIPT aims to boost local economy by enhancing tourism in the state. This will be achieved through developing and preserving sites of natural and cultural heritage and building connectivity, capacity, and infrastructure around state tourist sites.