City
Epaper

ADB approves $56 mn loan, grant to Kyrgyzstan

By IANS | Updated: June 24, 2024 14:05 IST

Manila, June 24 The Asian Development Bank (ADB) on Monday said that it has approved the funding of ...

Open in App

Manila, June 24 The Asian Development Bank (ADB) on Monday said that it has approved the funding of $56 million to Kyrgyzstan to improve wastewater management and enhance sustainable and inclusive tourism in the Issyk-Kul region, renowned for its tourist appeal and importance.

The funding comprises a $25 million concessional loan and a $31 million Asian Development Fund (ADF) grant. The ADF grants are made to ADB's poorest and most vulnerable members, reports Xinhua news agency.

The ADB's project promises to upgrade the wastewater facility while improving tourism infrastructure in Cholpon-Ata, a resort town that hosts most of Issyk-Kul Lake's visitors but grapples with an ageing wastewater network.

According to the ADB, a new wastewater treatment plant, pumping stations, and a museum are among the planned projects to preserve the environment and promote tourism in the region.

The ADB added that the project will also support local authorities in developing a climate-resilient tourism master plan for Cholpon-Ata.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

Cricket"Plenty to take away": Aiden Markram after South Africa suffers a 30-run defeat against India

InternationalIndia shows how tradition, modern science can advance together: WHO chief Tedros at global summit on traditional medicine

Other Sports5th T20I: Happy that Yuvraj still holds fastest T20I fifty record, says Pandya after 16-ball fifty

NationalOdisha vigilance arrests Additional Tehsildar in Jajpur

InternationalUS says it is grateful as Pakistan weighs Gaza troop role

Business Realted Stories

BusinessRBI Governor considered benign inflation outlook for rate cut: MPC Minutes

BusinessHero Motors sign MoU with KPIT Technologies to set up Centre of Excellence for Light Electric Vehicles

BusinessRBI's central board deliberates on domestic and global economic situations

BusinessTripura govt pitches state as emerging tourism hub: CM Saha

Business5 research initiatives driving India-AI Impact Summit 2026