Center signs $ 4.5 million loan agreement with AfDB for a sustainable urban mobility plan for Aizawl
The Center on Tuesday signed a $ 4.5 million (Rs 34 crore) Project Readiness Finance (PRF) loan with the Asian Development Bank (AfDB) to develop a sustainable transport system in the capital city of Mizoram, Aizawl.
Urban mobility in Aizawl, the center of Mizoram’s administrative and service industry, is severely limited due to rapid and unplanned urbanization. This results in traffic jams on narrow roads, a negative impact on road safety, efficient movement of people and goods and environmental sustainability in the hill town.
The agreement was signed between Rajat Kumar Mishra, Deputy Secretary in the Department of Economic Affairs of the Ministry of Finance and Takeo Konishi, Country Director of the AfDB Resident Mission in India.
After signing the agreement, Mishra said the PRF is supporting the development of long-term solutions to improve urban mobility in Aizawl by identifying high priority urban transport investments for the ensuing project and improving its readiness. supporting due diligence and other preparatory activities.
“The PRF will develop a Comprehensive Mobility Plan (CMP) for Aizawl which outlines the urban transport development strategy and create synergies with urban development planning initiatives in the state, and promote climate and disaster resilience, and the inclusion of gender in its interventions, ”Konishi said. .
The PRF will conduct feasibility studies for priority projects identified in the CMP, and prepare detailed project reports and a detailed design for the ensuing project. “This will help develop the institutional capacity of the State Department for Urban Development and Poverty Reduction in pre-implementation and project preparation activities,” said an official statement issued by the Office of press information.
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