New Delhi: India and Asian Development Bank (ADB) on Tuesday signed a US$ 4.5 million project readiness financing (PRF) loan to support project preparation and design activities to improve urban mobility in Aizawl, the capital city of Mizoram.
Rajat Kumar Mishra, Additional Secretary in the Ministry of Finance said that the PRF supports the development of long-term solutions to improve urban mobility in Aizawl by identifying high-priority urban transport investments for the ensuing project and enhance its readiness by supporting due diligence and other preparatory activities.
“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,” said Takeo Konishi, Country Director of ADB’s India Resident Mission.
As per an official statement, urban mobility in Aizawl is severely constrained due to rapid and unplanned urbanization. This results in traffic congestion on narrow road widths, and adversely impacts road safety, efficiency in movement of people and goods.
The ensuing project, being developed through the PRF, seeks to resolve the city’s transport problems by adopting sustainable urban mobility solutions.
The PRF will conduct feasibility studies for prioritized projects identified in the CMP, and prepare detailed project reports and detailed design for the ensuing project.