Economy. National: Current Affairs, GK & News - 2020-2021

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

Published: September 21, 2016

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 ..