The Asian Development Bank has approved a pair of loans for India’s Himachal Pradesh state.
The regional lender will provide USD95 million for the development of tourism-related infrastructure in the state, which is increasingly becoming known as a key tourist destination in India, according to Orissa Diary.
ADB has also approved a USD208 million loan to support two hydropower projects in the state. The loan is part of the USD800 million financing facility that the bank has set up to cover the costs of four hydropower projects, the Economic Times reports.
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