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KOHIMA, Nagaland: The Government of India and Asian Development Bank signed a $2 million Project Readiness Financing (PRF) pact on April 12, for urban development, capacity building and mobilisation of resources by urban local bodies (ULB).
Funds under the project will be utilised for the creation of climate-resilient infrastructure, water supply, sanitation, solid waste management (SWM) and to improve roads infrastructure in the urban landscape of Nagaland. It will also help in capacity building and resource mobilisation by ULBs in 16 district headquarter towns in Nagaland.
Tokeo Konishi, Country Director, ADB’s India Resident Mission said in his statement, “The ADB financing will ensure high readiness of the ensuing project by preparing an urban sector strategy, undertaking feasibility studies and detailed engineering designs of selected sub-projects, and building capacity of state level agencies in project implementation, resource mobilisation and anchoring reforms.”
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