Shillong, July 13 : 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. Agreement for the 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 infrastructure to elevate tourism to new heights.
The project will also open numerous employment opportunities across various sectors, including hospitality, travel services, and local businesses.
The tripartite collaboration between the Government of India, the Government of Meghalaya and NDB exemplifies shared commitment for sustainable development and inclusive growth.
Funds will support initiatives such as upgradation of tourism/eco-tourism, development of high-value rural accommodation, construction of roads to tourist attraction points, Shillong Peak ropeway project, institutional capacity building and project management.