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The Visakhapatnam-Chennai Industrial Corridor is being funded by which of the following external agency?
Asian Development Bank (ADB)
World Bank(WB)
Asian Infrastructure investment Bank(AIIB)
New Development Bank(NDB)
Asian Development Bank (ADB) has approved US $631 million, in loans and grants, for VCIC, comprising a Multi-tranche Financing Facility. Four nodes namely: Visakhapatnam, Kakinada, Kankipadu-Gannavaram and Yerpedu- Srikalahasti of Andhra Pradesh, have been identified for development in Vishakhapatnam- Chennai Industrial Corridor (VCIC) on the basis of Conceptual Development Plan (CDP) prepared by ADB.
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