India, ADB ink $375 mn loan pact for industrial corridor


India and Asian Development Bank (ADB) have signed USD 375 million pact for loans and grants to develop 800 km Visakhapatnam—Chennai Industrial Corridor, which is the first phase of a planned 2,500-km East Coast Economic Corridor.

ADB had last September, 2016 approved USD 631 million in loans and grants for the industrial corridor.

The Asian Development Bank stated that it approved loans comprising a USD 500 million multitranche facility to build key infrastructure in the four main centers along the corridor — Visakhapatnam, Kakinada, Amaravati, and Yerpedu—Srikalahasti in Andhra Pradesh.
What can be the possible questions from above news:
Q1. Name the first phase of a planned 2,500-km East Coast Economic Corridor of 800 km, which has signed to develop of USD 375 million pact between India and ADB , recently.
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Source- The Indian Express

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