India, ADB sign USD 375 million loan pact for industrial corridor
India and the Asian Development Bank (ADB) have signed a USD 375 million agreement for loans and grants for first phase of 2,500–kilometer long East Coast Economic Corridor (ECEC). ADB has approved loans comprising a USD 500 million multi-tranche facility to build key infrastructure in the four main centers along the corridor — Visakhapatnam, Kakinada, Amaravati, and Yerpedu-Srikalahasti in Andhra Pradesh.
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