Q. How much loan amount has been sanctioned by the Asian Development Bank (ADB) to develop 800-km Visakhapatnam-Chennai Industrial Corridor?
Answer: $375 million
Notes: India and Asian Development Bank (ADB) have signed $375 million pact for loans and grants to develop 800—km Visakhapatnam—Chennai Industrial Corridor, which is the first phase of a planned 2,500-km East Coast Economic Corridor. Apart from this, The Asian Development Bank has approved loans comprising a $ 500 million multitranche facility to build key infrastructure in the four main centers along the corridor — Visakhapatnam, Kakinada, Amaravati, and Yerpedu—Srikalahasti in Andhra Pradesh.
