ADB sanctions Rs. 382 crore for tourism Infrastructure: Himachal Pradesh CM

Shimla, September 29, 2015: Chief Minister Shri Virbhadra Singh said that Asian Development Bank had sanctioned a loan of Rs. 382 crore for upgradation and improvement of Tourism Infrastructure in Himachal Pradesh.
The tripartite loan signing ceremony was performed by Shri V.C Pharka, Additional Chief Secretary, Tourism HP, in the Deptt of Economic Affairs, Ministry of Finance, Government of India in New Delhi, yesterday. On behalf of Asian Development Bank the loan agreement was signed by Ms M. Teresa Kho, the Country Director, Asian Development Bank  and on behalf of Govt. of India  by Shri  Rajkumar, Joint Secretary, Ministry of Finance. Commissioner Tourism Shri Mohan Chauhan and Project Director Shri Manoj Sharma were also present on this occasion.
It would be pertinent to mention here that this would give impetus to the Tourism infrastructure in the State. The State Tourism Department has completed all pre loan  signing formalities like awarding 30% total cost of projects in advance, placement of Asian Development Bank consultants in place to  execute the projects.  Tranche III would be completed by 2020 and 15 subprojects have been proposed under this trenche.  At present 1.63 crores tourists were visiting the State annually. The implementation of this project would enhance the tourist flow to the State thereby benefitting local tourism industry.
The Main projects prepared under this tranche are rehabilitation and beautification of about 10.5 kms portion of Mall Road, Cultural Center, Manali, Rehabilitation of parks in Mandi town,  Jwalaji, Dharamsala, Chamba etc.
Tuesday, September 29, 2015