ADB, India sign $141M loan for Andhra Pradesh infrastructure

30 May 2023 CW Team

The Asian Development Bank (ADB) and the Government of India signed a $141.12 million loan agreement, the government said in a statement.

The loan aims to support the development of essential infrastructure, such as roads, water supply systems, and electricity distribution networks, in three industrial clusters located in Andhra Pradesh.

This financing is part of a larger $500 million multi-tranche financing facility (MFF) approved by ADB in 2016 to enhance infrastructure in the Visakhapatnam and Srikalahasthi-Chittoor nodes.

ADB also approved a $250 million loan, as part of the MFF, to support the government’s National Industrial Corridor Development Program (NICDP) in October 2021.

This financing by the bank aims to strengthen industrial infrastructure in the Visakhapatnam node by developing internal infrastructure in the Rambilli and Nakkapalli industrial clusters, improving the Atchuthapuram–Anakapalli road, and enhancing access roads to the Nakkapalli cluster.

The proposed clusters' internal infrastructure will include roads, stormwater drains, water supply systems, and electricity distribution systems. In the Srikalahasthi-Chittoor node, the project will focus on developing the start-up area of the Chittoor-South industrial cluster, as well as improving access roads to the Chittoor-South and Naidupeta industrial clusters.

It will also establish guidelines for a green corridor model to enhance industrial cluster resilience to extreme weather conditions and develop a disaster risk management plan.

To ensure long-term sustainability, the program will formulate plans to improve the operation and maintenance of start-up industrial clusters and provide a toolkit with gender-responsive and socially inclusive guidance for integrating industrial and urban planning, including housing for workers in areas adjacent to industrial clusters.

Also Read
Kolte-Patil Developers reports Rs 120.80 crore profit in Q4 FY23
Chennai: Over 1,000 illegal construction debris dumping spots found

The Asian Development Bank (ADB) and the Government of India signed a $141.12 million loan agreement, the government said in a statement. The loan aims to support the development of essential infrastructure, such as roads, water supply systems, and electricity distribution networks, in three industrial clusters located in Andhra Pradesh. This financing is part of a larger $500 million multi-tranche financing facility (MFF) approved by ADB in 2016 to enhance infrastructure in the Visakhapatnam and Srikalahasthi-Chittoor nodes. ADB also approved a $250 million loan, as part of the MFF, to support the government’s National Industrial Corridor Development Program (NICDP) in October 2021. This financing by the bank aims to strengthen industrial infrastructure in the Visakhapatnam node by developing internal infrastructure in the Rambilli and Nakkapalli industrial clusters, improving the Atchuthapuram–Anakapalli road, and enhancing access roads to the Nakkapalli cluster. The proposed clusters' internal infrastructure will include roads, stormwater drains, water supply systems, and electricity distribution systems. In the Srikalahasthi-Chittoor node, the project will focus on developing the start-up area of the Chittoor-South industrial cluster, as well as improving access roads to the Chittoor-South and Naidupeta industrial clusters. It will also establish guidelines for a green corridor model to enhance industrial cluster resilience to extreme weather conditions and develop a disaster risk management plan. To ensure long-term sustainability, the program will formulate plans to improve the operation and maintenance of start-up industrial clusters and provide a toolkit with gender-responsive and socially inclusive guidance for integrating industrial and urban planning, including housing for workers in areas adjacent to industrial clusters. Also Read Kolte-Patil Developers reports Rs 120.80 crore profit in Q4 FY23 Chennai: Over 1,000 illegal construction debris dumping spots found

Products

06 Oct 2025

TOTO India Launches Premium G & L Showers with Sleek Faucet Range

TOTO India has launched its G Shower and L Shower series, alongside an expanded range of GT, LH, and Pull-Out lavatory faucets. The collection blends advanced technology, refined aesthetics, and everyday comfort, staying true to TOTO’s philosophy of creating spaces that are both beautiful and functional. The G Shower series delivers the 3Rs of showering: Relaxing, Refreshing, and Revitalizing. Features include the Calming Shawl spray mode, Warm Spa technology, and multiple overhead and hand-shower options across eight finishes. The L Shower complements this with easy-to-use controls sui..

Infrastructure Energy

06 Oct 2025

Hero Future Energies Secures Funding for 120 MW Hybrid Project

Hero Future Energies (HFE), through its SPV Clean Renewable Energy Hybrid Three, has secured Rs 19.08 billion in funding from the State Bank of India (lead) and Canara Bank. The funds will be used to develop and construct HFE’s 120 MW renewable energy hybrid project at Kurnool, Andhra Pradesh. The project, contracted with SJVN, integrates wind, solar, and storage technologies to deliver reliable peak power. With a 21-year repayment period, the funding ensures timely execution and the commencement of commercial operations. The financial closure demonstrates continued lender confidence in..

Infrastructure Energy

06 Oct 2025

IOC GPS Renewables Raises Rs 8.36 billion Debt for Compressed Biogas Plants

IOC GPS Renewables Private Limited (IGRPL), a joint venture between IndianOil Corporation and GPS Renewables, has raised Rs 8.36 billion (approx. US$ 95 million) in debt financing from Indian Bank to execute nine Compressed Biogas (CBG) projects across India. The funding is the largest single-bank debt raise in the CBG sector and the first fully non-recourse financing in India for these projects. The plants—four in Haryana, three in Uttar Pradesh, one each in Chhattisgarh and Andhra Pradesh—will each produce 15 tonnes of CBG per day using paddy straw as feedstock. All nin..