Nepal gets $150 million from ADB to upgrade two airports

The Asian Development Bank (ADB) has approved a $150 million (equivalent to Rs 17.7 billion) concessional loan to improve the capacity of Tribhuvan International Airport (TIA) and Gautam Buddha Airport (GBA) in Nepal

Nov 20, 2020
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The Asian Development Bank (ADB) has approved a $150 million (equivalent to Rs 17.7 billion) concessional loan to improve the capacity of Tribhuvan International Airport (TIA) and Gautam Buddha Airport (GBA) in Nepal.

Tourism is a major source of economic activity in Nepal. In 2019, tourism generated an estimated $2.05 billion, which accounted for 6.7% of gross domestic product. TIA in Kathmandu is the country’s sole international airport and a major hub for domestic air transport. 

GBA in Lumbini will serve as an alternate international air transport facility for Nepal. Lumbini is the birthplace of the Buddha and is a pilgrimage and major tourist destination.

Source- https://thehimalayantimes.com/business/asian-development-bank-approves-rs-17-7bn-loan-to-improve-two-airports-capacity/

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