+
 ADB approves Rs 551 cr for projects under Agartala Smart City
SMART CITIES

ADB approves Rs 551 cr for projects under Agartala Smart City

The Asian Development Bank (ADB) approved Rs 551 crore for three projects under the Agartala Smart City Limited.

The ADB decided to fund 23 km of road by retrofitting 15 stretches for Rs 444 crore, restore lakes and water bodies of Maharaja Bir Bikram College and its adjacent areas at Rs 30.67 crore and renovate the Ujjayanta Palace and its surrounding at Rs 35.68 crore in the ongoing financial year (FY) in a phased manner.

The officials of urban development told the media that an ADB team, headed by Bhavesh Kumar, head of design and supervision and project management consultant, held a meeting with the Agartala Smart City Limited team and accepted the demand proposal in the loan inception mission.

The ADB will provide the funds to the Centre for the Agartala infrastructure development, and the project works will begin by mid-May.

The entire work would be finished within one year, including additional city development programmes.

Image Source

Also read: IIFL HFL inks $68 mn loan with ADB to fund affordable green housing

The Asian Development Bank (ADB) approved Rs 551 crore for three projects under the Agartala Smart City Limited. The ADB decided to fund 23 km of road by retrofitting 15 stretches for Rs 444 crore, restore lakes and water bodies of Maharaja Bir Bikram College and its adjacent areas at Rs 30.67 crore and renovate the Ujjayanta Palace and its surrounding at Rs 35.68 crore in the ongoing financial year (FY) in a phased manner. The officials of urban development told the media that an ADB team, headed by Bhavesh Kumar, head of design and supervision and project management consultant, held a meeting with the Agartala Smart City Limited team and accepted the demand proposal in the loan inception mission. The ADB will provide the funds to the Centre for the Agartala infrastructure development, and the project works will begin by mid-May. The entire work would be finished within one year, including additional city development programmes. Image Source Also read: IIFL HFL inks $68 mn loan with ADB to fund affordable green housing

Related Stories

Gold Stories

Next Story
Products

Interio by Godrej launches modular workplace solutions

Interio by Godrej has launched Workscapes, a modular workplace solutions category designed to help organisations configure and adapt workspaces to changing requirements. The portfolio combines mobile and compatible furniture and support elements that can be rearranged across different work modes without changes to fixed layouts.Workscapes includes Collaboration Tables, Privacy Solutions, Mobile Markerboards and Space Dividers, Power Solutions, Storage and Support Elements, Meeting and Presentation Tools, and Seating Elements. The range is designed for focused work, collaboration, informal disc..

Next Story
Infrastructure Urban

CAFE-III Gives Auto Industry Investment Clarity

The government’s new Corporate Average Fuel Economy (CAFE-III) norms have provided the automobile industry with a clearer framework for technology investments, according to industry representatives. The framework seeks to balance environmental objectives with flexibility for manufacturers while encouraging the adoption of flex-fuel vehicles and biofuels. Society of Indian Automobile Manufacturers (SIAM) President Shenu Agarwal said the five-year framework would give automakers greater predictability to plan investments and accelerate innovation. He said the regulation established annual targ..

Next Story
Infrastructure Energy

Mines Ministry to Auction Two Offshore Mineral Blocks in Andaman Sea

The Ministry of Mines will launch an auction of two offshore mineral blocks in the Andaman Sea on Thursday, seeking to unlock India’s offshore mineral potential and strengthen long-term mineral resource security. The blocks will be offered under a composite licence, which permits exploration and development activities in accordance with the applicable regulatory framework. The ministry said the auction was intended to encourage systematic exploration, attract investment and promote the use of advanced technologies for offshore mineral exploration and development. The initiative is also aimed..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code