ADB, India Sign Project Readiness Financing Loan to Support Urban Mobility in Mizoram

ADB, India Sign Project Readiness Financing Loan to Support Urban Mobility in Mizoram

NEW DELHI, INDIA (26 October 2021) — The Asian Development Bank and the Government of India today signed a $4.5 million project readiness financing (PRF) loan to support project preparation and design activities to improve urban mobility in Aizawl, the capital city of the northeastern state of Mizoram.

Ministry of Finance’s Department of Economic Affairs Additional Secretary Rajat Kumar Mishra signed for the Government of India the PRF for the proposed Aizawl Sustainable Urban Transport Project, while ADB Country Director of for India Takeo Konishi signed for ADB.

“The PRF supports the development of long-term solutions to improve urban mobility in Aizawl by identifying high-priority urban transport investments for the ensuing project and enhance its readiness by supporting due diligence and other preparatory activities,” said Mr. Mishra after signing the agreement.

“The PRF will develop a Comprehensive Mobility Plan (CMP) for Aizawl that outlines the urban transport development strategy, build synergies with urban development planning initiatives in the state, and promote climate and disaster resilience, and gender inclusiveness in its interventions,” said Mr. Konishi.

Urban mobility in Aizawl, the center of Mizoram’s administrative and service industry, is severely constrained due to rapid and unplanned urbanization. This results in traffic congestion on narrow road widths and adversely impacts road safety, efficiency in the movement of people and goods, and environmental sustainability.

The ensuing project, developed through the PRF, seeks to resolve the city’s transport problems by adopting sustainable urban mobility solutions. The PRF will conduct feasibility studies for prioritized projects identified in the CMP and prepare detailed project reports and detailed design for the project. It will help develop institutional capacity of the state’s Urban Development and Poverty Alleviation Department in pre-implementation and project preparation activities.

ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 68 members—49 from the region.