Wednesday, July 17, 2024
News

India secures USD 141 million loan from ADB for projects in Andhra Pradesh

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

New Delhi | May 26, 2023 3:38:48 PM IST
The Asian Development Bank (ADB) and the Indian government have signed a USD 141.12 million loan agreement to support the development of high-quality infrastructure such as roads, water supply systems and electricity distribution network in three industrial clusters in Andhra Pradesh.

This financing is the second tranche of the USD 500 million multi-tranche financing facility for the program approved by the ADB in 2016.

"Internal infrastructure in the proposed clusters will include internal roads, stormwater drains, water supply systems, and electric power distribution systems. In Srikalahasthi-Chittoor node, the project will help develop the start-up area of the 938-ha Chittoor-South industrial cluster, and improve a 9.5-km access road to the Chittoor-South industrial cluster and an 8.7-km access road to the Naidupeta industrial cluster," a statement from Union Ministry of Finance said.

For long-term sustainability, the program will formulate a plan to improve the operation and maintenance of start-up industrial clusters and will roll out a toolkit with gender-responsive and socially inclusive guidance to integrate industrial and urban planning including industry housing in areas adjacent to industrial clusters. (ANI)

 
  LATEST COMMENTS (0)
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE BUSINESS NEWS
Max Life celebrates 50th Super Customer ...
Validus Fintech Secures Seed Funding fro...
Shaadi.com and Truecaller Partner to Ele...
Dabur Honey - A Good Choice for Fitness ...
10 Indian Students Awarded Deakin Univer...
Jindal India Institute Partners with MEA...
More...
 
INDIA WORLD ASIA
'Organisation bigger than government', U...
Doda encounter: Exchange of fire takes p...
Badrinath-Kedarnath Temple Committee Cha...
Andhra: Family mourns brave soldier kill...
PM Narendra Modi greets people on occasi...
ED arrests 4th suspect in Rajasthan Jal ...
More...    
 
 Top Stories
Does Select Shaadi Really Select Th... 
Kerala Cabinet grants Rs 10 lakh as... 
PAN Healthcare Pvt. Ltd. Celebrates... 
Former Sri Lanka U19 skipper Dhammi... 
Tiger Shroff launches Mumbay FC Eve... 
Bengaluru's Water Crisis: Can the T... 
Indian exports show resilience amid... 
'I thought it was a rusty bolt': 13...