powerballtoday|ADB approves 56 mln USD loan, grant to Kyrgyzstan

MANILApowerballtoday, June 24 (Xinhua) -- The Asian Development Bank (ADB) said Monday that it has approved the funding of 56 million U.S. dollars to Kyrgyzstan to improve wastewater management and enhance sustainable and inclusive tourism in the Issyk-Kul regionpowerballtoday, renowned for its tourist appeal and importance.

The funding comprises a 25-million-U.S.-dollar concessional loan and a 31-million-U.S.-dollar Asian Development Fund (ADF) grant. The ADF grants ADB's poorest and most vulnerable members.

The ADB's project promises to upgrade the wastewater facility while improving tourism infrastructure in Cholpon-Ata, a resort town that hosts most of Issyk-Kul Lake's visitors but grapples with an aging wastewater network.

According to the ADB, a new wastewater treatment plant, pumping stations, and a museum are among the planned projects to preserve the environment and promote tourism in the region.

The ADB added that the project will also support local authorities in developing a climate-resilient tourism master plan for Cholpon-Ata.■

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