India: Visakhapatnam-Chennai Industrial Corridor Development Program: Project 1

The overall Program comprises a multitranche financing facility and a policy-based loan to India for development of the Visakhapatnam–Chennai Industrial Corridor. Implementation of this industrial corridor will help enhance growth and competitiveness, by boosting the manufacturing sector’s contribution to the state level GDP, trade, and employment. Project 1 focuses on developing high-quality internal infrastructure for identified industrial areas.

PROJECT DETAILS

Approval26 Sep 2016
Funding TypeLoan/Grant
CountryIndia
SectorEconomic Corridors
StatusOngoing
Total Cost$358 million

KEY OUTPUTS

Common industrial effluent treatment facility financed

29.6 kilometer road section Samarlakota– Rajanagaram widened and upgraded

7 power substations upgraded

FINANCING

$245 million (Asian Development Bank)

$5 million (Urban Climate Change Resilience Trust Fund)

$108 million (Government of India)