SME Times is powered by   
Search News
Just in:   • JPC chief slams Owaisi for tearing Waqf Bill in LS, calls it 'attack on democracy'  • US tariffs on electronics: India emerges favourable among competitors  • In symbolic stand against Trump’s tariffs, US Senate votes against Canada levy  • Indian pharmaceutical exports get reprieve from Trump’s reciprocal tariffs  • 26 pc levy on imports from India in Trump's reciprocal tariffs 
Last updated: 26 Oct, 2021  

ADB.9.Thmb.jpg India, ADB sign agreement on loan to support urban mobility in Mizoram

ADB.9.jpg
   Top Stories
» 26 pc levy on imports from India in Trump's reciprocal tariffs
» India less vulnerable to US tariff shocks than others: Report
» India’s raw silk production increases to 34,042 metric tonnes in April-January
» India, Thailand bilateral trade ties set to strengthen during PM Modi's visit
» FM Sitharaman to visit London next week for talks to bolster India-UK economic ties
SME Times News Bureau | 26 Oct, 2021
India and the Asian Development Bank on Tuesday signed a $4.5 million project readiness financing (PRF) loan to support project preparation and design activities to improve urban mobility in Mizoram's capital Aizawl.

After signing the agreement, Additional Secretary, Department of Economic Affairs, in the Finance Ministry, Rajat Kumar Mishra said that the PRF supports the development of long-term solutions to improve urban mobility in Aizawl by identifying high-priority urban transport investments for the ensuing project and enhance its readiness by supporting due diligence and other preparatory activities.

ADB's India Resident Mission Country Director Takeo Konishi said: "The PRF will develop a Comprehensive Mobility Plan (CMP) for Aizawl that outlines the urban transport development strategy and build synergies with urban development planning initiatives in the state, and promote climate and disaster resilience, and gender inclusiveness in its interventions."

Urban mobility in Aizawl, the centre of Mizoram's administrative and service industry, is severely constrained due to rapid and unplanned urbanisation. This results in traffic congestion on narrow road widths, and adversely impacts road safety, efficiency in movement of people and goods, and environmental sustainability.

The ensuing project, being developed through the PRF, seeks to resolve the city's transport problems by adopting sustainable urban mobility solutions. The PRF will conduct feasibility studies for prioritised projects identified in the CMP, and prepare detailed project reports and detailed design for the ensuing project. It will help develop institutional capacity of the state's Urban Development and Poverty Alleviation Department in pre-implementation and project preparation activities.
 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
84.35
82.60
UK Pound
106.35
102.90
Euro
92.50
89.35
Japanese Yen 55.05 53.40
As on 12 Oct, 2024
  Daily Poll
Do you think Indian businesses will be negatively affected by Trump's America First Policy?
 Yes
 No
 Can't Say
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter