Srinagar, Oct 24 (KNO): The Jammu and Kashmir Lake Conservation and Management Authority (JKLCMA) on Friday signed a Memorandum of Understanding (MoU) with the National Bank for Financing Infrastructure and Development (NabFID) for providing technical consultancy services for key projects aimed at developing Dal Lake.
According to details available with the news agency—Kashmir News Observer (KNO), the MoU envisages technical assistance from NabFID for the installation of a Ferris Wheel, High Jet Fountain, Musical fountain in Dal Lake, besides the development of a theme and amusement park at Shalimar in Srinagar.
Officials said the Government has already accorded approval to the MoU to facilitate the execution of these projects and any other initiatives envisioned by the J&K administration for the development of Dal Lake.
They added that the collaboration is expected to further enhance the lake’s aesthetic appeal and promote tourism in the region—(KNO)