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India : ADB provides a loan of 43 million USD to India under a multi-tranche financing facility
Publish Date : 04-Apr-2012
The Asian Development Bank (ADB) has agreed to provide a loan of 43 million US dollars to India to boost tourism in the country\'s states of Tamil Nadu and Uttarakhand.
The loan has been offered to support up-gradation and construction facilities in the tourism industry, which includes the improvement of urban infrastructure and better connectivity to tourist destinations in the two states.
The program was first approved in 2010 for 250 million Dollars as a multi-tranche funding facility to assist the development of tourism infrastructure in the four Indian states of Himachal Pradesh, Punjab, Uttarakhand and Tamil Nadu.
The first tranche of 43.42 million dollars for Punjab and Himachal Pradesh is being implemented.
