ADB Approves $451mn loan for power connectivity in Chennai-Kanyakumari Industrial Corridor
- The Asian Development Bank (ADB) has approved to provide $451-million (around Rs 3200 crore) loan to strengthen power connectivity between the southern and northern parts of the Chennai–Kanyakumari Industrial Corridor (CKIC) in Tamil Nadu.
- The total cost of the project is $653.5 million. The state government will provide the remaining amount of $202.5 million.
Source: HinduBusiness Line