Asian Development Bank approves funding of Rs 1294 crore for various developmental projects in Tehri District
Department of Tourism, Government of Uttarakhand on Wednesday said that Tehri is set for a makeover with several developmental projects on the anvil for which the Asian Development Bank (ADB) has approved a funding of Rs 1294 crore.
The projects will be funded in a ratio of 80:20 with ADB bearing 80% of the expenditure and the Uttarakhand government bearing 20% of the expenses.
Sachin Kurve, Secretary, Tourism, and CEO of Uttarakhand Tourism Development Board said that in order to promote sustainable inclusive, climate resilient tourism, and for the development of designated areas in Tehri, the state decided to develop Tehri Lake and surrounding areas as a “Special Tourist Area” after which Tehri Special Area Development Authority (TADA) was established under the Tehri Special Area Development Act 2013.
He said what followed were a series of consultations with the Department of Economic Affairs, the central government, and proposals to ADB, which have now fructified with a Project Management Unit (PMU) being set up under the Uttarakhand Tourism Development Board (UTDB) to oversee the implementation of the entire project.
Kurve further stated that the project, spread over a period of six years is expected to take up several infrastructure development activities in the region, which are expected to give a boost to tourism business activity.
According to him, while the project is aimed at the development of tourism infrastructure, there shall be a focus on the enhancement of green cover, livelihood generation,
