Statesman News Service
New Delhi, 25 Jan 2008
The Asian Development Bank (ADB) will provide a $350 million loan to improve urban infrastructure and services in 31 towns and cities in Uttarakhand, one of the country’s top tourist destinations.
The Manila-based development bank has identified Uttarakhand as one of its priority states in India because its development is lagging behind other states. Improved urban services are needed to support tourism and industry – two economic sectors with substantial development potential in the state, the ADB said in a communique from Manila, Philippines.
Despite its attractiveness to visitors with its dramatic landscapes and rich cultural and religious heritage, the mountainous state is one of India’s less developed states.
News Source: http://www.thestatesman.net
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