April 1, 2010 10:24 AM

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ADB to set up project office in Guwahati

<br/>The Asian Development Bank (ADB) will set up a project office in Guwahati to enhance the processing and implementation of its various schemes in north east region. The office will be set up to provide capacity building support to the ongoing projects as well as the future ones in the states of the region. The bank’s experience in the region since 2003 has shown that it takes much longer than initially anticipated to design and implement investment projects here.<br/><br/> According to official sources, the Asian Development Bank would soon set up the office under the Multi-state and Multi-sector Project Management Capacity Building technical assistance project. The project will be executed in Tripura, Mizoram , Sikkim , Nagaland, and Meghalaya where investment programmes are currently under implementation and in Assam where the processing of the new project in the agriculture and natural resources sector is at an advanced stage.

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