ADB to fund Rs2500 cr urban development in Uttarakhand

ADB to fund Rs2500 cr urban development in Uttarakhand

Dehradun: Uttarakhand government has inked an agreement for a Rs2500 crore urban development project with Asian Development Bank (ADB) to improve the civic facility in the hill state.

“The Uttarakhand Urban Sector Investment Programme, would get Rs1750 crore as loan from ADB to improve civic facilities in the state while the remaining amount of Rs750 crore would be contributed by the state government," Urban Development Minister Diwakar Bhatt said.

“The loan from the ADB would be provided to the state through the central government," he said.

“However, Uttarakhand would get 90% of the amount as grant and 10% as loan as the state enjoys the special category status," Bhatt added.

The minister said that the project, which would be implemented in 31 towns including Dehradun, Nainital and Haridwar will improve the civic facilities like drinking water, solid waste management, slum development, transport and sewage system and would be executed by Urban Development Department through a society called ‘Uttarakhand Urban Sector Development Agency.

“The project would be completed in four phases till the year 2016," Bhatt said, adding that ADB has already released Rs300 crore for the Rs428.5 crore first phase of the project.

“Besides, the centre has alloted Rs205 crore under Jawahar Lal Nehru National Urban Renewal Mission to improve basic facilities in Dehradun, Nainital and Haridwar," Bhatt added.