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TOG NEWS

TN Industrial Corridor gets USD 484 mnboost from ADB
By TOG News service
Apr 09, 2021

TOG NEWS SERVICE, NEW DELHI, APR 09, 2021: THE Asian Development Bank (ADB) has approved a USD 484 million (Rs. 3,533 crore) loan to improve transport connectivity and road maintenance in the Chennai-Kanyakumari Industrial Corridor (CKIC) in Tamil Nadu.

The CKIC is part of India's East Coast Economic Corridor, which stretches from West Bengal to Tamil Nadu and connects to the production networks of Southeast and East Asia.

"The development of the CKIC is part of ADB's commitment to the government of India to stimulate growth in industrial corridors by linking industrial growth centres and ports hinterland along the coastline and integrating regional value chains," said ADB Principal Transport Specialist for South Asia Mr Kanzo Nakai.

While Tamil Nadu has a strong State economy , the south and central regions which are away from current industrial hubs around Chennai, need development and better connectivity for balanced and inclusive growth.

The project will upgrade about 590 km of State highways in the areas influenced by the CKIC. 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.

It will strengthen road safety improvement programmes through advanced technologies for road monitoring and enforcement. In addition, the ADB project will support improved planning capacity of Tamil Nadu's Highways and Minor Ports Department.