Sat. Apr 27th, 2024
  • Government of India signed an agreement with ADB to get a 100 million US dollar loan.
  • The purpose of the loan is to improve urban services and tourism facilities in Tripura.
  • According to the finance ministry, the project will improve urban water supply systems by installing 42 kilometers of new distribution and transmission pipes.
  • It will also upgrade urban water supply systems by establishing four new water treatment plants.
  • It will also improve 21 kilometers of urban roads.

Asian Development Bank

  • It is a regional development bank established in 1966.
  • Members: 68 countries
  • Headquarters: Mandaluyong, Philippines
  • Current President: Masatsugu Asakawa

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