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ADB may fund Chennai-Vizag corridor

ADB may fund Chennai-Vizag corridor

Asian Development Bank (ADB) has shown interest to back an industrial corridor along the coast of Andhra Pradesh, giving a confidence boost to the state as it prepares for a new life without Telangana and Hyderabad. ADB, headquartered in Manila, has started work on studying the feasibility of an industrial corridor from Chennai to Visakhapatnam. If the multilateral agency decides to fund the project directly, it will be its first such initiative in the country.

The Chennai-Visakhapa-tnam corridor, if it materialises, will modernise ports, airports, roads and the rail network along the 800-km coastline. It will also create additional gas pipelines and power transmission lines to feed fuel to existing and new industrial clusters and Special Economic Zones in the region.

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