Tripura will sign a Strategic Partnership with the Asian Development Bank to realise overall socio-economic and infrastructure development in the state. If the partnership materializes then Tripura will be first state in the country to do so.
Official sources said, the Union Ministry of Finance has recently given green signal for such a strategic partnership.
The Asian Development Bank is presently working in the Urban Development, Power, Tourism and Industries sectors of the state. It has given substantial financial assistance in Agartala Smart City, Power Generation and Distribution sectors of the state.
Besides, the Asian Development Bank is helping the state government to develop seven district headquarters other than Agartala. In fact, Tripura was also the first North Eastern State to avail Project Readiness Finance (PRF) facility of ADB to prepare project proposals for major investments.
Under the proposed Strategic Partnership initiative, a team of ADB will visit the state in September next to hold high-level meetings with the senior officers. They will prepare short term, medium term and long term investment proposals within a period of one year.
Comprehensive report on overall socio-economic and infrastructure development shall be submitted to the State Government with a shelf of projects in every sector. This will help in achieving transformational development to fulfil aspirations of the people of Tripura.
