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Additional ADB loan for Himachal tourism projects


IANS  |  New Delhi 

Himachal Pradesh will soon get another tranche of a multimillion-dollar loan from the Asian Development Bank (ADB) to develop tourism infrastructure, it was announced on Thursday.

An ADB team led by Country Director Kenichi Yokoyama called on Chief Minister Jai Ram Thakur to allocate the second trench of Rs 750 crore loan under the Infrastructure Development Investment Programme for Tourism, an official statement said.

The team appreciated the efforts of the state Tourism Department in implementing the phase one under the programme, which will be over by 2020.

The statement quoting the Chief Minister said 19 projects were sanctioned under phase one out of which 16 were completed and the remaining three would be completed by June 2020.

The main projects included beautification of the state capital and restoration of British-era Town Hall building in Shimla.

Thakur said a new proposal of Rs 1,800 crore would be submitted to the ADB for funding to promote tourism with an objective of safe, sustainable, economic and eco-friendly tourism habitat supported by improved infrastructure and services.



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Thu, May 03 2018. 19:00 IST