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 | ||
|
Commitment Date Funding Type Country Sector Status Total Cost |
23 Feb 2017 Loan/Grant India Economic Corridors Ongoing $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) |
