Govt – ADB signs $31 Million loan agreement for infra in Tamil Nadu

By Accommodation Times Bureau


The Government and the Asian Development Bank (ADB) today signed in New Delhi a Loan Agreement for $31 million to build-up the State Tourism Industry and boost visitor arrivals.

The signatories to the tranche 4 loan for Infrastructure Development Investment Program for Tourism (IDIPT) were Sameer Kumar Khare, Additional Secretary (Fund Bank and ADB), Department of Economic Affairs, Ministry of Finance, who signed for the Government of India, and Kenichi Yokoyama, Country Director for ADB in India, who signed for ADB.

After signing the agreement, Khare said that the Project is expected to improve the tourism infrastructure in Tamil Nadu and also help the State in preserving the natural and cultural heritage. The activities under the project would also boost economic opportunities for the local people, he added.

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