Nod to Rs 2,095-cr Asian Development Bank infrastructure project in Himachal

Tribune News Service

Shimla, December 1

The state government has got in-principle approval of Rs 2,095-crore Asian Development Bank (ADB) infrastructure development project for the state, said Chief Minister Jai Ram Thakur here today.

Thakur said that out of this, 90 per cent would be loan amount which would be supported by Government of India whereas 10 per cent would be state share as Himachal Pradesh is a Special Category State.

He said the project was aimed at giving impetus to tourism in the state through creation of new destinations, improving existing destinations besides ensuring maintenance and preservation of heritage. It also envisages development of eco-tourism by ensuring development of lesser known places to lower burden on already crowded tourist destinations, he added. Thakur said he had taken up the matter with the Union Finance Minister. Representations were also made before the Ministry of Tourism, NITI Aayog and Ministry of Finance. The Chief Minister said that the Screening Committee, Department of Economic Affairs of Ministry of Finance has given its in-principle approval for funding from the ADB.

The CM added the project would be implemented in two tranches. The first tranche would be worth more than Rs 900 crore while the second would be more than Rs 1,100 crore. The work on formulation of DPR would be taken taken up at the earliest and the project would be launched from March next year.

Implementation of this project would give a boost to tourism activities by creating world class infrastructure for people from every nook and corner of the world.

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