Asian Development Bank allocates $484m for Indian road maintenance
13 April 2021The Asian Development Bank (ADB) has awarded a $484m loan for road maintenance and transport connectivity in the Chennai–Kanyakumari Industrial Corridor (CKIC) in the southern Indian state of Tamil Nadu.
Funding will increase connectivity to south and central Tamil Nadu, area that are not currently connected as fully as Chennai’s industrial hubs.
Some 590km of state highways will be upgraded and strengthened as well as being adapted for climate change with improved drainage, raised embankments and upgraded bridges.
The CKIC forms part of India’s East Coast Economic Corridor, linking West Bengal to Tamil Nadu.
Kanzo Nakai, ADB’s principal transport specialist for south Asia, said: “The development of the CKIC is part of ADB’s commitment to the government of India to stimulate growth in industrial corridors by linking industrial growth centres and port hinterlands along the coastline and integrating regional value chains.
“The project aims to increase the manufacturing industry’s participation in production networks and global value chains, as well as create jobs along the corridor.”
Related
-
Croatia aims to lead EU in renewable energy, with solar power set to surpass hydropower by 2040
5 February 2025
-
Mexico deploys 1 GW of distributed solar in 2024
5 February 2025
-
Conference pledges $50bn to electrify Africa
4 February 2025
-
Acme Solar secures PPA with NHPC for 680 MW renewables storage project
28 January 2025
-
China installed 8 GW of solar in ‘Belt and Road’ countries in 2024
27 January 2025
-
India’s NHPC awards 1.2 GW of solar with storage at $0.036/kWh
25 January 2025