World Bank lends US$40M for UP tourism
Project for social, economic and environmental benefits
The World Bank has signed an agreement for US$40 million for “U.P. Pro-Poor Tourism Development Project” to increase tourism-related benefits for local communities in targeted destinations.
The project is expected to have far-reaching social, economic and environmental benefits by targeting local communities and entrepreneurs near some of the main tourist and pilgrimage attractions in Uttar Pradesh, namely, Agra as well as Mathura, Vrindavan, Barsana and Govardhan in the Braj region.
The remaining US$17.14 million will be funded out of State Budget for the five-year project.
The agreement was signed on 28 Dec 2017 by Sameer Kumar Khare, Joint Secretary (MI), Department of Economic Affairs, on behalf of the Government of India and John Blomquist, Acting Country Director of the World Bank (India). fii-news.com