Tag: Asian Development Bank

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 ... Read more

Bantony Castle With an aim to explore the untapped tourism potential of the state, Himachal Pradesh government has sought financial aid from Asian Development Bank (ADB) and got approval for projects worth of Rs 1,900 crores. It was informed by Jai Ram Thakur, Chief Minister of Himachal Pradesh, during a meeting with Kenichi Yokoyama, the country director of ADB. In addition to this, projects worth Rs 650 crore had also been sanctioned by ADB for the state, which would be implemented in two phases. Brajeshwari Devi Temple “All the projects will be executed in the stipulated period. The state government ... Read more

Asian Development Bank (ADB) said it will give additional loan for Himachal Pradesh to develop tourism infrastructure in the state. An ADB team led by Country Director Kenichi Yokoyama called on state Chief Minister Jai Ram Thakur to allocate the second trench of Rs 750 crore loan under the Infrastructure Development Investment Programme for Tourism. The team appreciated the efforts of the state Tourism Department in implementing the phase one under the programme, which will be over by 2020. Nineteen projects were sanctioned under phase one out of which 16 were completed and the remaining three would be completed by ... Read more