India, ADB ink $484 mn loan to improve road infra in Tamil Nadu
ROADS & HIGHWAYS

India, ADB ink $484 mn loan to improve road infra in Tamil Nadu

Asian Development Bank (ADB) and the Indian Government signed a $484 million loan on Wednesday to improve transportation connectivity and facilitate industrial development in Tamil Nadu's Chennai–Kanyakumari Industrial Corridor (CKIC).

CKIC is a part of India's East Coast Economic Corridor (ECEC), which runs from West Bengal to Tamil Nadu and connects India to the South, Southeast, and East Asian manufacturing networks.

The Asian Development Bank is India's primary development partner in ECEC.

On behalf of the Government of India, Rajat Kumar Mishra, Additional Secretary, Department of Economic Affairs, signed an agreement for the Tamil Nadu Industrial Connectivity Project, while Takeo Konishi, Country Director for ADB in India, signed on behalf of ADB.

According to Mishra, the project is critical for providing seamless road connectivity across industrial clusters, transportation gateways, and consumption centres, as well as lowering logistics and production costs for CKIC's targeted industries, which will help them become more competitive.

Konishi stated that the project is one of the priority infrastructure projects identified for corridor development under the ADB-backed CKIC comprehensive development plan.

The overall goal is to promote industrial transformation by providing critical transportation, energy, and urban infrastructure for the holistic development of industrial growth centres, he added.

The project will upgrade roughly 590 km of state highways in the CKIC influence areas, which span 23 of Tamil Nadu's 32 districts between Chennai and Kanyakumari.

Increasing the participation of Indian manufacturing in global production networks and global value chains, as well as creating jobs along the corridor, will be aided by improved connectivity of industrial hubs with the hinterland and ports.

The project emphasises sustainability, climate change resilience, and road safety elements, in keeping with ADB's long-term corporate strategy, Strategy 2030. Long-term maintenance of road projects is covered by seven-year contracts.

Improved drainage, raised road embankments in critical sections, and resizing of bridges and culverts are among the climate change adaptation measures that will be included in highway upgrades.

Through advanced technologies for road monitoring and enforcement, the project will also strengthen road safety improvement programmes.

In addition, the project will assist Tamil Nadu's Highways and Minor Ports Department in improving its planning capacity.

Image Source


Also read: Jaipur Development Authority to develop five 200 ft roads to ease traffic

Asian Development Bank (ADB) and the Indian Government signed a $484 million loan on Wednesday to improve transportation connectivity and facilitate industrial development in Tamil Nadu's Chennai–Kanyakumari Industrial Corridor (CKIC). CKIC is a part of India's East Coast Economic Corridor (ECEC), which runs from West Bengal to Tamil Nadu and connects India to the South, Southeast, and East Asian manufacturing networks. The Asian Development Bank is India's primary development partner in ECEC. On behalf of the Government of India, Rajat Kumar Mishra, Additional Secretary, Department of Economic Affairs, signed an agreement for the Tamil Nadu Industrial Connectivity Project, while Takeo Konishi, Country Director for ADB in India, signed on behalf of ADB. According to Mishra, the project is critical for providing seamless road connectivity across industrial clusters, transportation gateways, and consumption centres, as well as lowering logistics and production costs for CKIC's targeted industries, which will help them become more competitive. Konishi stated that the project is one of the priority infrastructure projects identified for corridor development under the ADB-backed CKIC comprehensive development plan. The overall goal is to promote industrial transformation by providing critical transportation, energy, and urban infrastructure for the holistic development of industrial growth centres, he added. The project will upgrade roughly 590 km of state highways in the CKIC influence areas, which span 23 of Tamil Nadu's 32 districts between Chennai and Kanyakumari. Increasing the participation of Indian manufacturing in global production networks and global value chains, as well as creating jobs along the corridor, will be aided by improved connectivity of industrial hubs with the hinterland and ports. The project emphasises sustainability, climate change resilience, and road safety elements, in keeping with ADB's long-term corporate strategy, Strategy 2030. Long-term maintenance of road projects is covered by seven-year contracts. Improved drainage, raised road embankments in critical sections, and resizing of bridges and culverts are among the climate change adaptation measures that will be included in highway upgrades. Through advanced technologies for road monitoring and enforcement, the project will also strengthen road safety improvement programmes. In addition, the project will assist Tamil Nadu's Highways and Minor Ports Department in improving its planning capacity. Image Source Also read: Jaipur Development Authority to develop five 200 ft roads to ease traffic

Next Story
Infrastructure Transport

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

Next Story
Resources

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Next Story
Real Estate

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?