South Asia Tourism Infrastructure Development Project - Additional Financing
This loan and grant project will improve infrastructure around tourist and cultural sites and expand air and road links that connect Bangladesh, India, and Nepal. This includes upgrading airports and visitor centers, fixing roads, and cleaning up tourist sites, with improved water supply, sanitation systems, and solid waste management. The project is working to spread tourism to remote communities that have previously been bypassed by popular tourist markets. This work benefits about 2.4 million people in the three countries through increased income, jobs, improved health and local environmental conditions, and reduced travel times. About 270,000 people are benefiting from new job opportunities created by the project, and at least 5,000 others are enjoying expanded livelihood options.
PROJECT DETAILS | ||
Commitment Date Funding Type Country Sector Status Total Cost |
19 May 2014 Loan/Grant Nepal Transport/Road Closed $50.71 million |
KEY OUTPUTS |
Improved to the Lumbini Development Area in Nepal Enhanced connectivity to and from Lumbini Enhanced capacity, increased community participation, and improved project management in Nepal |
FINANCING |
$30 million (Asian Development Fund) $17.71 million (Government of Nepal) $3 million (Clean Energy Fund) |