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Home Banking & Finance

Tenders: ADB loan to support Aizawl Sustainable Urban Transport Project

Fiinews by Fiinews
October 28, 2021
in Banking & Finance, Projects, Tenders
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A Comprehensive Mobility Plan in the works for urban transport development strategy, says Konishi

The Asian Development Bank (ADB) is providing US$4.5 million project readiness financing (PRF) loan to support project preparation and design activities to improve urban mobility in Aizawl, the capital city of the northeastern state of Mizoram.

The ADB PRF loan was signed with the Indian Government, Finance Ministry said in a release on 26 Oct 2021.

The proposed Aizawl Sustainable Urban Transport Project is a 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, said Rajat Kumar Mishra, Additional Secretary, Department of Economic Affairs, on signing the loan.

“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,” elaborated Takeo Konishi, Country Director of ADB’s India Resident Mission who signed for ADB.

Urban mobility in Aizawl, the center of Mizoram’s administrative and service industry, is severely constrained due to rapid and unplanned urbanization. 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 prioritized 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. #tenders #investment #projects #infrastructure /fiinews.com

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