NEW DELHI : Asian Development Bank (ADB) has inked a pact with the union government for $2.5 million (approx ₹18.23 crore) loan assistance to upgrade road infrastructure in Sikkim.
The $2.5 million project readiness financing (PRF) loan will support project preparation and design activities to upgrade major district roads in Sikkim, ADB said in a release on Thursday.
The pact will help improve connectivity to important towns, rural areas, and pilgrimage and tourist destinations in the north-eastern state, ADB said.
The signatories of the PRF for the proposed Sikkim Major District Road Upgradation Project were Rajat Kumar Mishra from the Ministry of Finance and ADB Country Director of ADB’s India Resident Mission Takeo Konishi.
