ADB clears $631 mn for India's 1st coastal corridor
The Asian Development Bank (ADB) on Tuesday approved $631 million assistance for India's first coastal industrial corridor between Visakhapatnam and Chennai. This assistance would help in developing the 800-km section of the planned 2,500-km East Coast Economic Corridor. The total cost of the project is $846 million and the remaining amount would be funded by the Andhra Pradesh government.