Govt, ADB ink $126 mln loan pact for tourism-related projects in Uttarakhand
This story was originally published at 14:00 IST on 11 September 2025
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NEW DELHI – The government and the Asian Development Bank Wednesday signed a $126.42 million loan agreement to promote sustainable tourism in Uttarakhand, the finance ministry said in a release.
The loan will be used for projects in the Tehri Garhwal district, one of Uttarakhand's most climate-vulnerable and economically disadvantaged regions, the ministry said. The project aims to benefit over 87,000 residents and 2.7 million annual visitors through improved tourism planning, upgraded infrastructure, enhanced sanitation and waste management, and disaster preparedness, the ministry said.
"The ADB loan supports the Government of Uttarakhand's policy to position the state as a diversified, all-weather tourism destination, with Tehri Lake identified as a priority area for development," Juhi Mukherjee, joint secretary in the Department of Economic Affairs, was quoted as saying in the release. End
US$1 = INR 88.33
Reported by Shubham Rana
Edited by Vandana Hingorani
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