Economic corridors: ADB approves Rs 3.5k cr loan for TN project
ROADS & HIGHWAYS

Economic corridors: ADB approves Rs 3.5k cr loan for TN project

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, ADB informed the media.

The project aims to increase the participation of the manufacturing industry in production networks and global value chains.

CKIC is envisaged along the coast of Tamil Nadu to leverage the state’s 1,000 km long coastline and operational ports. The CKIC covers an influence area of 23 districts (13 on the coast and 10 in the hinterland) out of 32 districts of Tamil Nadu. The influence area covers about 70% of the state's area and population and contributes 74% to the state's GSDP.

As many as three trunk arterial roads—NH 7, NH-45 and SH-49 (East Coast Road) run through the corridor connecting to the north and south in Tamil Nadu. Through transverse road linkages, these roads form a network that serves as the spine of the corridor.

In terms of other key transport linkages, the corridor is also served by—Chennai-Kanyakumari main railway line, which runs through the corridor, three major ports of Chennai Kamarajar (Ennore) and VoC (Thoothukudi), together with a capacity of 167 mtpa, and the ports of Kattupalli and Karaikal with 51 mtpa capacity, and three international airports—Chennai, Tiruchirappalli, and Madurai and one domestic airport (Thoothukudi).

In 2017, The Asian Development Bank (ADB) and the Government of India signed $375 million in loans and grants to develop the 800-km Visakhapatnam-Chennai Industrial Corridor, the first phase of the planned 2,500-km-long ECEC.

Image Source


Also read: India and ADB sign $375 million in loans and grants for Phase-I of East Coast Economic Corridor

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, ADB informed the media. The project aims to increase the participation of the manufacturing industry in production networks and global value chains. CKIC is envisaged along the coast of Tamil Nadu to leverage the state’s 1,000 km long coastline and operational ports. The CKIC covers an influence area of 23 districts (13 on the coast and 10 in the hinterland) out of 32 districts of Tamil Nadu. The influence area covers about 70% of the state's area and population and contributes 74% to the state's GSDP. As many as three trunk arterial roads—NH 7, NH-45 and SH-49 (East Coast Road) run through the corridor connecting to the north and south in Tamil Nadu. Through transverse road linkages, these roads form a network that serves as the spine of the corridor. In terms of other key transport linkages, the corridor is also served by—Chennai-Kanyakumari main railway line, which runs through the corridor, three major ports of Chennai Kamarajar (Ennore) and VoC (Thoothukudi), together with a capacity of 167 mtpa, and the ports of Kattupalli and Karaikal with 51 mtpa capacity, and three international airports—Chennai, Tiruchirappalli, and Madurai and one domestic airport (Thoothukudi). In 2017, The Asian Development Bank (ADB) and the Government of India signed $375 million in loans and grants to develop the 800-km Visakhapatnam-Chennai Industrial Corridor, the first phase of the planned 2,500-km-long ECEC. Image Source Also read: India and ADB sign $375 million in loans and grants for Phase-I of East Coast Economic Corridor

Next Story
Real Estate

K Raheja Corp launches luxury tower at Raheja Galaxy, South Pune

K Raheja Corp Homes has unveiled a new luxury tower at Raheja Galaxy in South Pune, catering to the growing demand for premium living spaces in the area. Located off NIBM, the project offers seamless connectivity, excellent infrastructure, and a reputation for timely delivery and superior construction quality.The new tower features spacious 2-bed, 3-bed, and 3BHK L residences, priced from Rs 1.29 crore. The homes are designed with modern amenities and a neo-classical architectural style, offering a balance of functionality and luxury. Prices will increase after April 30th, making the early-bir..

Next Story
Infrastructure Urban

PM to Visit Bihar on April 24 for Panchayati Raj Day Celebrations

Prime Minister Shri Narendra Modi is scheduled to visit Bihar on 24th April 2025. During his visit to Madhubani, he will participate in the National Panchayati Raj Day celebrations at around 11:45 AM. On this occasion, he will inaugurate, dedicate, and lay the foundation stone for several development projects worth over Rs 134 bn, and will address the public gathering. As part of the programme, the Prime Minister will present the National Panchayat Awards, honouring the best-performing Panchayats from across the country. In the railways sector, Prime Minister Modi will flag off the Amrit Bha..

Next Story
Infrastructure Urban

Rs 140 Bn Infra Projects in North India Reviewed by DPIIT Secretary

Shri Amardeep Bhatia, Secretary of the Department for Promotion of Industry and Internal Trade (DPIIT), chaired a high-level Project Monitoring Group (PMG) review meeting to assess progress on major infrastructure projects in Uttar Pradesh, Haryana, Punjab, and Uttarakhand. The meeting was attended by senior officials from central ministries, state governments, and private sector project proponents. A total of 17 key infrastructure projects, collectively worth over Rs 140 billion, were reviewed during the session, which addressed 19 critical issues affecting project execution. The discussions..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?