India: Visakhapatnam-Chennai Industrial Corridor Development Program (Tranche 2)
The project is the second tranche of the multitranche financing facility (MFF) for the Visakhapatnam-Chennai Industrial Corridor Development Program (VCICDP). With the comprehensive support through upstream strategic studies and regular programmatic interventions, tranche 2 aims to unlock the state's manufacturing potential through fostering industrial agglomeration with holistic infrastructure support, investment promotion, and skills development. The project will also strengthen climate and disaster resilience and integrate industrial and urban planning for more competitive and livable cities.
| PROJECT DETAILS | ||
|
Commitment Date Funding Type Country Sector Status Total Cost |
23 May 2023 Loan India Economic Corridors Ongoing $214.80 million | |
| KEY OUTPUTS |
Strengthened Visakhapatnam industrial node infrastructure Strengthened Srikalahasti-Chittoor industrial node infrastructure Enhanced sustainable, green, and integrated industrial development enhanced |
| FINANCING |
$141.12 million (Asian Development Bank Ordinary Capital Resources) $73.68 million (Government of India) |
