ADB approves $2 million loan to support urban development in Nagaland
- The Asian Development Bank (ADB) and the Government of India have inked $2 million Project Readiness Financing (PRF) loan agreement on April 12, 2022.
- Under this, the Manila- headquartered lender will provide the loan for designing climate resilient urban infrastructure, strengthening institutional capacity and improving municipal resource mobilisation in Nagaland.
- The PRF loan will be used for designing water supply, sanitation, solid waste management and urban roads in 16 district headquarter towns (DHTs) with climate resilient features and improved access to poor and vulnerable.
Source: Financial Express