ADB sanctions $85.4 million loan for Tripura Industrial Infra Dev

The Asian Development Bank (ADB) has approved a $85.4 million loan to finance critical industrial infrastructure in the nine industrial estates of Tripura. The Asian Development Bank Board approved the loan in a meeting in Mandaluyong, Metro Manila, Philippines. The loan is expected to boost the state’s competitiveness in the manufacturing sector, integration into regional and global value chains, and create employment opportunities.

Use of the Loan amount 

• The loan amount will be used to finance the development of critical infrastructure in the nine industrial estates of the state.
• It will fund the expansion of transport, electricity, water, and sanitation infrastructure in these nine industrial estates.
• Construction of climate-resilient roads, stormwater drainage, culverts, and rainwater harvesting systems will be undertaken.
• It will fund the installation of solar power units and the establishment of energy-efficient power distribution systems.
• For an eco-friendly transport, the loan will fund the introduction of compressed natural gas buses and electric vehicles, along with charging stations at key industrial estates.

Emphasis on women's empowerment 

• At least 300 square meters of land in each estate will be reserved for women's enterprises.
• The loan amount will be used to fund dedicated daycare centres and gender desks to support female workers.

Nine Industrial Estate to be funded 

The nine Industrial estates of the Tripura government to be funded are Bodhjungnagar Industrial Estate, Kumarghat Industrial Estate, R.K. Nagar Industrial Estate, Dharmanagar Industrial Estate, Dhajanagar Industrial Estate, Dukli Industrial Estate,  Deewanpasma Industrial Estate, Nagicherra Industrial Estate and Sarasima Industrial Estate.

About the Asian Development Bank 

The Asian Development Bank is one of the regional multilateral development banks established worldwide. 

The ADB focuses on lending in the Asia-Pacific region.

It provides loans for poverty alleviation programmes, infrastructure development, and climate-resilient projects, among others, to its member countries.

The ADB also provides financial assistance to the private sector through loans or equity investments.

Members- 69 countries 

Headquarters: Mandaluyong City, Metro Manila, Philippines

President: Masato Kanda