ADB, India sign $451 million loan to strengthen Power Connectivity in Tamil Nadu

Government of India and Asian Development Bank (ADB) has signed a $451 million loan for strengthening power connectivity between northern and southern parts of Chennai–Kanyakumari Industrial Corridor (CKIC) which is part of East Coast Economic Corridor (ECEC). ECEC is India’s first coastal economic corridor. Key Highlights of Project It will help establish extra-high-voltage transmission link ..

Month: Current Affairs - November, 2019

Category: Economy & Banking Current Affairs

Topics: ADB • Asian Development Bank • Chennai-Kanyakumari Industrial Corridor • CKIC • East Coast Economic Corridor • ECEC • Odisha • Tamil Nadu • TANTRANSCO

GoI and ADB sign USD 451 Million Loan Agreement to Strengthen Power Connectivity in Tamil Nadu

The Asian Development Bank (ADB) and the Government of India (GoI) have signed a USD 451 Million(approx Rs 3,200 crore) Loan Agreement for strengthening the power connectivity between the northern and the southern parts of the Chennai-Kanyakumari Industrial Corridor (CKIC). CKIC will also build an operational capacity for Tamil Nadu Transmission Corporation(TANTRANSCO), for which ADB ..

Month: Current Affairs - December, 2020

Category: States Current Affairs

Topics: Asian Development Bank • Chennai • East Coast Economic Corridor • Government of India • Industrial corridor • Kanyakumari • manila • Philippines • Tamil Nadu

Union Government signs a $300 million loan pact with ADB to boost infra funding by IIFCL

In New Delhi, the Government of India (GoI) has signed a $300 million loan agreement with Asian Development Bank (ADB) to support India Infrastructure Finance Company Ltd (IIFCL) that provides long-term finance to infrastructure projects. The move is expected to enhance the availability of long-term finance for Public-Private Partnership (PPP) projects, improve operational capacity of ..

Topics: Asian Development Bank • Banking • East Coast Economic Corridor • Economy • Financial services • infrastructure • Multilateral development banks

India, ADB ink $375 million loan pact for East Coast Economic Corridor

India and Asian Development Bank (ADB) has signed $375 million pact for loans and grants to develop 800 km Visakhapatnam-Chennai Industrial Corridor. It is the first phase of a planned 2,500-km East Coast Economic Corridor. Earlier in September 2016, ADB had approved $631 million in loans and grants for the industrial corridor. Key Facts The ..

Month: Current Affairs - February, 2017

Topics: Business • East Coast Economic Corridor • Economy • India-ADB • National

ADB approves $631 million loan for Vizag-Chennai industrial corridor

Multilateral funding agency Asian Development Bank (ADB) has approved $631 million loan for building India’s first coastal industrial corridor between Visakhapatnam (Vizag) and Chennai. The fund will help develop the first key 800-km section of the planned 2,500-km East Coast Economic Corridor. Key Facts The coastal industrial corridor is expected to boost development on eastern coast ..

Month: Current Affairs - September, 2016

Topics: ADB • Andhra Pradesh • Business • East Coast Economic Corridor • Economy. National • Industrial Corridors • National • Tamil Nadu