For development of tourism infrastructure in the state, Himachal Pradesh government, signed a $95.16 million loan agÂreement with Asian DevelopÂmÂent Bank (ADB). Under the agreement, ADB would provÂide $95.16 million to the state for developing tourism infrastrÂucture and the project will be executed on 90:10 ratio of graÂnt and loan component boÂrne by the central and state govÂernÂments. As per the policy, the state will only bear 10 per cent loan liability. The investment programme of the prestigious project ends on June 30, 2020.
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