ADB approves $56 mn loan, grant to Kyrgyzstan

by IANS |

Manila, June 24 (IANS) 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.

Latest News
Strong possibility of 2 Jaipur municipal bodies merging into one: Mayor Fri, Jul 19, 2024, 05:05 PM
Centre issues advisory on Microsoft Windows outage Fri, Jul 19, 2024, 05:02 PM
Samarthanam Trust inaugurates mini science lab at government school in Haryana Fri, Jul 19, 2024, 05:02 PM
Australians advised to be cautious of scams following major health info data breach Fri, Jul 19, 2024, 05:01 PM
Mexico's President-elect picks three more Cabinet members Fri, Jul 19, 2024, 05:00 PM
CM Mohan Yadav hopeful of positive outcome from Regional Industry Conclave in Jabalpur Fri, Jul 19, 2024, 04:58 PM
Uttarakhand HC grants protection to inter-faith live-in couple Fri, Jul 19, 2024, 04:58 PM
Sharp selloff hits Indian stock market, investors lose Rs 8 lakh crore Fri, Jul 19, 2024, 04:46 PM
Bengal Assembly to be under additional security cover during Monsoon Session from July 22 Fri, Jul 19, 2024, 04:36 PM
Ganguly will do a good job as Delhi Capitals' head coach: Kaif Fri, Jul 19, 2024, 04:32 PM
Critical mineral roadshow, exploration hackathon to kick off in Hyderabad tomorrow Fri, Jul 19, 2024, 04:29 PM
CrowdStrike says single software update behind Microsoft Windows crash Fri, Jul 19, 2024, 04:28 PM
Kerala govt orders probe into leak of info on remission to CPI-M workers accused of murder Fri, Jul 19, 2024, 04:27 PM
China launches new Earth observation satellite Fri, Jul 19, 2024, 04:07 PM
Exposing, asking minor to measure organ comes under POCSO: Kerala HC Fri, Jul 19, 2024, 03:56 PM