Government of Meghalaya Secures $79.05 Million Grant from New Development Bank to Boost Tourism Infrastructure

 Shillong: 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 July 10, 2023. For EAPs being implemented in the northeastern states, the Government

of India passes 90% of the funding as grants to the State government while only 10% 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 to new heights. This transformative project seeks to create comprehensive

ecotourism circuits that will attract travellers from all corners of the globe while ensuring

sustainable development and conservation of the state's natural resources.

The primary objective of this project is to expand the tourism sector, subsequently generating

substantial revenue and propelling the state's economy to unprecedented growth. 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 resulting enhancement of tourism experiences will captivate visitors and bolster the

reputation of Meghalaya as a premier travel destination.

Furthermore, this ambitious endeavour will 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. By fostering

sustainable tourism growth, Meghalaya is poised to become a hub of economic prosperity and

social development.

This tripartite collaboration between the Government of India, the Government of Meghalaya

and NDB exemplifies a shared commitment to sustainable development and inclusive growth.

Meghalaya embraces this partnership as a stepping stone towards realizing its full tourism

potential and reinforcing its position on the global tourism map.

This landmark agreement marks a crucial step towards enhancing the tourism landscape and

positioning the state as a premier destination for travellers worldwide.

The funds will be utilized to support the development of an array of initiatives such as:

1. Construction and upgradation of tourism/eco-tourism attractions.

2. Development of high-value and rural accommodation at strategic locations to increase

the length of stay of tourists.

3. Construction of connecting infrastructure to improve access to the tourist attraction

points (construction of important roads)

4. Shillong Peak ropeway project.

5. Institutional capacity building and project management.