East Coast Economic Corridor Current Affairs - 2019

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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 Read More…

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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 Read More…

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