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.
Latest comments