+
 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

Next Story
Real Estate

We aim to grow strategically across the redevelopment and mid-premium segments

With over 10 million sq ft delivered and more than 10,000 families served, Ramky Estates has emerged as a trusted name in responsible urban development. In this conversation with CW, Nanda Kishore, Managing Director, Ramky Estates, shares insights on the company’s growth philosophy, foray into the Mumbai market, commitment to sustainability, and vision for future-ready communities that blend smart living with long-term value creation.Over 10 million sq ft delivered is no small feat – what has been the driving ethos behind Ramky Estates’ journey so far?Real estate is not just a secto..

Next Story
Real Estate

We aim to triple our India business by 2030

Step into a TOTO bathroom and you don’t just see design – you feel it. From the soft, warm seat to the gentle rhythm of cleansing water and silent air drying, every interaction is engineered for delight. TOTO doesn’t sell products; it crafts rituals. With Japan’s legacy of innovation and India’s appetite for refined living, the brand is not just redefining luxury – it’s awakening the senses, one ‘Washlet’ at a time.In an exclusive conversation with FALGUNI PADODE, Group Managing Editor, CW, Shiozawa Kazuyuki, Managing Director, and Kokubu Yohei, Sales Unit Head, TOTO Ind..

Next Story
Real Estate

Not Just Glass Boxes!

India is moving away from the ‘glass box’ syndrome, all-glass façades that were widely used in commercial buildings in the last two decades but came at a significant environmental cost given the country’s predominantly hot and humid climate. Poor thermal performance, excessive heat gain and dependency on mechanical cooling systems made buildings with glass façades energy guzzlers and significantly increased their carbon footprint.That said, it’s important to be aware that “glass is not the enemy,” points out Heena Bhargava, Architect, Architecture Discipline. “How it is used ma..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?