How much loan amount has been approved by Asian Development Bank (ADB) to build India’s first coastal industrial corridor?
How much loan amount has been approved by Asian Development Bank (ADB) to build India’s first coastal industrial corridor?
[A]$543 million
[B]$826 million
[C]$631 million
[D]$497 million [toggles][toggle title=”Answer”]
$631 million
The Asian Development Bank (ADB) has approved $631 million loan to build India’s first coastal industrial corridor between Visakhapatnam and Chennai. The fund will help develop the first key 800-km section of the planned 2,500-km long East Coast Economic Corridor and provide impetus to development on India’s eastern coast. It will also facilitate seamless trade links with other parts of South and Southeast Asia.
[/toggle][/toggles]The Asian Development Bank (ADB) has approved $631 million loan to build India’s first coastal industrial corridor between Visakhapatnam and Chennai. The fund will help develop the first key 800-km section of the planned 2,500-km long East Coast Economic Corridor and provide impetus to development on India’s eastern coast. It will also facilitate seamless trade links with other parts of South and Southeast Asia.