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India, ADB sign 2 million Project Readiness Financing Loan to support municipal resource mobilization in Nagaland

  • Integrity Education, Delhi
  • 13, Apr 2022
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The government of India and the Asian Development Bank today signed a 2 million dollar Project Readiness Financing Loan for designing climate-resilient urban infrastructure, strengthening institutional capacity, and improving municipal resource mobilization in 16 district headquarters towns in Nagaland. The facility would support key preparatory activities for the ensuing project aimed at improving urban infrastructure and services in Nagaland to help the state realize its economic potential. He said that government is committed for the development of northeast region.

The ADB financing will ensure high readiness of the ensuing project through preparing an urban sector strategy, undertaking feasibility studies and detailed engineering designs of selected subprojects, and building capacity of state-level agencies in project implementation, resource mobilization, and anchoring reforms.  

Nagaland’s towns and cities face the long-term challenges of climate change, lack of basic amenities, and poor connectivity. Major transport routes around urban areas are severely affected by landslides during the monsoon season. Urban roads are in poor condition without proper stormwater drainage. Most cities face acute water shortage and except Dimapur have inadequate sewerage or septage management system. All these issues constrain economic development of the state. 

Sources : News on Air