Infra upgrade for Meghalaya

Meghalaya has secured $79.05 million grant from New Development Bank for the Meghalaya Ecotourism Infrastructure Development Project to boost tourism infrastructure in the state.

TT Bureau

The Meghalaya Ecotourism Infrastructure Development Project (MEIDP) is an externally aided project (EAP) funded by the New Development Bank (NDB) with a total project cost of $98.80 million (equivalent to `731 crores), of which $79.05 million is being supported by the NDB. The agreement for this project was signed between the Government of India and the NDB on 10 July 2023. For EAPs being implemented in the Northeastern states, the Government of India passes 90 per cent of the funding as grants to the state government, while only 10 per cent of the total amount is borne by the state government.

The MEIDP is spearheaded by the Meghalayan Age Limited (MAL), a state government company under the aegis of the Planning Department, as the project management unit. The project aims to construct cutting-edge infrastructure that will elevate the tourism industry in Meghalaya. This transformative project seeks to create comprehensive ecotourism circuits that will attract travellers from all corners of the globe, while ensuring sustainable development. The primary objective of the project is to expand the tourism sector. With the infusion of funds, Meghalaya will witness the construction of state-of-the-art infrastructure that complements its breathtaking landscapes, cultural heritage, and diverse flora and fauna.

The ambitious endeavour will also serve as a catalyst for job creation, particularly benefiting the youth
of the state. The project will open numerous employment opportunities across various sectors, including hospitality, travel services, and local businesses. This tripartite collaboration between the Government of India, the Government of Meghalaya and NDB exemplifies a shared commitment to sustainable development and inclusive growth.