Thursday, July 29, 2021

Asian Development Bank, Government Sign $484 Million Loan To Upgrade Road Network

Tamil Nadu Industrial Corridor: The Asian Development Bank (ADB) and the central authorities signed a $484 million mortgage with a purpose to enhance the transport connectivity and facilitate the economic improvement in Chennai–Kanyakumari Industrial Corridor or CKIC in Tamil Nadu. According to a press release launched by the Ministry of Finance on Wednesday, June 16, the roadway infrastructural undertaking stretches from West Bengal to Tamil Nadu and connects the nation to the manufacturing networks of Southeast, South, in addition to East Asia. (Also Read:



 Asian Development Bank Approves ₹ 3,533 Crore Loan For Tamil Nadu Industrial Corridor )

According to the assertion, the Asian Development Bank is the lead companion of the central authorities in growing the nation’s East Coast financial hall or ECEC. The Chennai–Kanyakumari industrial hall is part of the East Coast financial hall.

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