The Japan International Cooperation Agency (JICA) is cautious to comment on the progress of the Delhi-Mumbai Industrial Corridor (DMIC). The DMIC project being a greenfield, that has taken a long time and faced land-acquisition delays, has made JICA alter their strategy for other projects in the country especially on Chennai-Bengaluru-Industrial Corridor (CBIC).
Tag: Asian Development Bank
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ADB loan to three projects
The Asian Development Bank (ADB) and the Government of India signed loan agreements worth about $605 million (around Rs 3,760 crore) for three separate projects to better rail services, power and roads in the country.
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ADB approves road projects in Phailin hit area
The Asian Development Bank (ADB) has approved Rs 966.75 crore for 484 new road projects to be implemented across 14 districts of Odisha hit by tropical cyclone Phailin and subsequent floods. A total road network of 1,790.37 km will be established in the 14 affected districts. The assistance has been approved by ADB under the third tranche of Pradhan Mantri Grameen Sadak Yojana (PMGSY) for 2013-14.
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ADB to set up infra fund for Asia-Pacific region
To provide finance for projects in Asia Pacific region, the Asian Development Bank (ADB) is to set up Asia Pacific Infrastructure Fund. The Manila-based ADB said it is now looking at a Asia Pacific Infrastructure Fund for infrastructure investment in Asia-pacific region.
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ADB studies
India´s east coast economic corridor On the Indian East Coast economic corridor, the Asian Development Bank (ADB) is carrying out analytical work. The study will examine the kind of infra-¡structure and institutional investments needed to drive manufacturing-led growth that will create jobs and leverage local, national, regional and global opportunities, according to an ADB release.
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ADB studies India’s east coast economic corridor
On the Indian East Coast economic corridor, the Asian Development Bank (ADB) is carrying out analytical work. The corridor presents a potential window for boosting economic relations between India and the Mekong countries as well as other South-East Asian countries.
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World Bank, ADB to give $313 mn to cyclone-hit Odisha
To take up restoration and rehabilitation activities in cyclone Phailin hit areas, the World Bank and the Asian Development Bank have assured a financial assistance of $313 million to Odisha government. Representatives of the two international funding agencies met the State Chief Minister Naveen Patnaik in the capital Bhubaneswar on November 13.
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Future = sustainable economically booming
How does a city build infrastructure that nurtures stable economic growth and also harnesses sustainable and inclusive development, in a way that urban-dwellers can experience high quality of life with access to basic amenities, shelter and employment but are immune to the effects of climate change? Sunil MK draws from Asian benchmarks.
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IIFCL to get $700 mn ADB infra loan
To fund India's infrastructural projects, the Manila-based Asian Development Bank (ADB) will give $ 700 million to the India Infrastructure Finance Company IIFCL) in the next one-and-a-half years. Of the $700 billion, $400 billion would be given to IIFCL by early 2014 and the remaining by early 2015.
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ADB loan to Rajasthan
To boost Rajasthan's renewable energy capacity and to construct a power transmission system in the state, the Asian Development Bank (ADB) has agreed to provide a loan of $500 million.