ADB To Provide $2 Million Loan To Nagaland For Urban Development

The PRF loan will help design water supply, sanitation, solid waste management and urban roads in 16 district headquarter towns (DHTs) with climate-resilient features and improved access to the poor and vulnerable.

Written by: India.com Business Desk Edited by: Raghav Aggarwal

Published: April 12, 2022, 4:48 PM IST

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https://www.india.com/business/adb-to-provide-2-million-loan-to-nagaland-for-urban-development-5334139/ Copy

ADB News: Government of India and ADB on Tuesday signed the $ 2 million PRF loan (Photo: ADB Website)

New Delhi: Manila-headquartered Asian Development Bank (ADB) has decided to give a loan of $2 million to Nagaland to design climate-resilient urban infrastructure, strengthening institutional capacity and improving municipal resource mobilisation in the state. The government of India and ADB on Tuesday signed the USD 2 million Project Readiness Financing (PRF) loan, the Manila-headquartered lender said in a release.

Nagaland’s towns and cities face the long-term challenges of climate change, lack of basic amenities, and 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, ADB said.

The PRF loan will help design water supply, sanitation, solid waste management and urban roads in 16 district headquarter towns (DHTs) with climate-resilient features and improved access to the poor and vulnerable.

Capacity building of state agencies will help augment own-resource mobilization by urban local bodies, improve their readiness for implementing the ensuing project and initiate sector and institutional reforms, ADB said.

(With agency inputs)