India and ADB sign $4.5 million project to support urban mobility in Mizoram
Government of India and Asian Development Bank signed a $ 4.5 million PRF loan
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Mizoram, October 26: Government of India and Asian Development Bank signed a $ 4.5 million project readiness financing / PRF loan today, which supports project preparation and design activities to improve urban mobility in Aizawl - which is the capital city of north-eastern state of Mizoram.
It seeks to resolve the transport problems by implementing sustainable urban mobility solutions. PRF will do feasibility studies for prioritized projects identified in 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 preparation activities.
Rajat Kumar Mishra, Additional Secretary, Department of Economic Affairs, in the Ministry of Finance signed for the Government of India the PRF for the proposed Aizawl Sustainable Urban Transport Project. Takeo Konishi, Country Director of ADB’s India Resident Mission signed for ADB.
After signing the agreement, Mishra said PRF supports development of long-term solutions to improve urban mobility in Aizawl by identifying high-priority urban transport investments for ensuing project, enhancing readiness by supporting due diligence and other foundational activities.
Konishi said, “The PRF will develop a Comprehensive Mobility Plan (CMP) for Aizawl that outlines the urban transport development strategy and build synergies with urban development planning initiatives in the state, and promote climate and disaster resilience, and gender inclusiveness in its interventions.”
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Urban mobility in Aizawl, which is the centre of Mizoram’s administrative / service industry, is constrained owing to swift but unplanned urbanization. This results in traffic congestion on narrow road widths, impacts road safety, efficiency in the movement of people and goods, and environmental sustainability.
It seeks to resolve the transport problems by implementing sustainable urban mobility solutions. PRF will do feasibility studies for prioritized projects identified in 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 preparation activities.