Home Banking and Economy ADB to give $451Mn for Chennai-Kanyakumari Industrial Corridor power links

ADB to give $451Mn for Chennai-Kanyakumari Industrial Corridor power links

by sushantoberoi
  • The Asian Development Bank will provide a $451 million (appx. Rs.3,200 crore) loan to strengthen power connectivity between southern and northern parts of Chennai-Kanyakumari Industrial Corridor (CKIC) in Tamil Nadu.
  • As per ADB, the Manila-headquartered multilateral agency the total cost of the project is $653.5 million, of which the government will provide $202.5 million

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