Published On:October 5 2024
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"ADB Approves $162 Million Loan for Infrastructure and Tourism Development in Himachal Pradesh"
The Asian Development Bank (ADB) has approved a loan of $162 million to bolster tourism development in Himachal Pradesh. Vivek Vishal, ADB's Senior Project Officer, stated that the funding aims to unlock the state's tourism potential by enhancing cultural and heritage sites and developing new infrastructure to strengthen the tourism sector.
The Sustainable and Inclusive Tourism Development Project will focus on promoting heritage and cultural sites in the Mandi and Hamirpur districts. Key initiatives include the restoration of the historic Naggar Castle in Kullu, improvements to public spaces, and the construction of a new convention center in Kangra. The project also plans upgrades along major travel routes in Kullu, Hamirpur, and Kangra, incorporating environmentally friendly technologies such as solar-powered lighting and electric vehicles. These enhancements are designed to improve accessibility for the elderly, women, children, and individuals with disabilities.
Additionally, the project will establish wellness centers, recreational facilities, an adventure sports hub, and a water park complex. New cycling trails will be introduced, which, along with other amenities, are expected to generate employment opportunities for local communities and stimulate the local economy.
ADB's support will also focus on strengthening the institutional capacity of the Himachal Pradesh Tourism Development Board. The project aims to assist the board in developing a comprehensive tourism strategy and marketing plan, while helping district-level authorities manage and develop tourist sites more effectively. Overall, the initiative seeks to enhance destination planning and improve the management of tourism in the region.
BS