The Asian Development Bank (ADB) has approved a loan of Rs 3,533 crore for the Chennai-Kanyakumari Industrial Corridor (CKIC) in Tamil Nadu.
The funds from the loan approved ADB will be utilised for the development of the CKIC. The industrial corridor project is a part of India's East Coast Economic Corridor (ECEC) that will span between West Bengal and Tamil Nadu. The corridor will connect the country to the production networks of the southeast and east Asia. The project will upgrade about 590 km of state highways in the CKIC areas. Climate change adaptation measures will be incorporated in the highway upgrades, including improved drainage, raised road embankments in critical sections, and resizing of bridges and culverts.
