Sunday, October 12, 2025
  • Home
  • About us
  • Privacy policy
  • Advertise with us
  • Contact us
Fii News Logo
No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Newsletter
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Fiinews
No Result
View All Result
Home Banking & Finance

Tenders: ADB provides $484m for CKIC project

Fiinews by Fiinews
June 17, 2021
in Banking & Finance, Contract, Projects, Tenders
Reading Time: 2 mins read
A A
0
ADB
0
SHARES
10
VIEWS
LinkedinShare on Twitter

Upgrade of 590-km of state highways in the CKIC influence areas

The Asian Development Bank (ADB) is providing a US$484 million loan to improve transport connectivity and facilitate industrial development in the Chennai–Kanyakumari Industrial Corridor (CKIC) which is a part of India’s East Coast Economic Corridor (ECEC).

ADB is the lead partner of the Government of India in developing ECEC which stretches from West Bengal to Tamil Nadu and connects India to the production networks of South, Southeast and East Asia.

“The project is part of the priority infrastructure projects identified for corridor development under the ADB-supported CKIC comprehensive development plan,” said Takeo Konishi, Country Director for ADB in India, after signing the loan agreement for ADB with the Department of Economic Affairs on 16 June 2021.

“The overall objective is to spur industrial transformation through provisioning of essential transport, energy and urban infrastructure for holistic development of industrial growth centres,” he said.

“The project is key to providing seamless road connectivity across industrial clusters, transport gateways and consumption centers, and help reduce logistics and production costs for CKIC’s targeted industries to boost their competitiveness,” said Department of Economic Affairs’ Additional Secretary Rajat Kumar Mishra, who signed the loan agreement for the Tamil Nadu Industrial Connectivity Project on behalf of the Government of India.

The project will upgrade about 590-km of state highways in the CKIC influence areas that cover 23 of the 32 districts between Chennai and Kanyakumari in Tamil Nadu. Enhanced connectivity of industrial hubs with hinterland and ports will particularly help increase the participation of Indian manufacturing in global production networks and global value chains, thereby creating jobs along the corridor.

In line with Strategy 2030, ADB’s long-term corporate strategy, the project emphasises sustainability, climate change resilience and road safety elements.

Seven-year contracts are provided for long-term maintenance of road projects under the terms of CKIC development.

Climate change adaptation measures will be incorporated in highway upgrades, including improved drainage, raised road embankments in critical sections, and resizing of bridges and culverts.

The project will also strengthen road safety improvement programs through advanced technologies for road monitoring and enforcement.

In addition, the project will help improve the planning capacity of Tamil Nadu’s Highways and Minor Ports Department. #tenders #contracts #projects #investment #banking /fiinews.com

Tags: Asian Development BankDepartment of Economic Affairs
ShareTweetShare

Related Posts

MEA
Projects

Project: India works on nature-positive development

by Fiinews
October 12, 2025
0
11

Smart Cities blend financing with local planning Minister of State for Environment, Forest and Climate Change, Kirti Vardhan Singh, has...

PIB
Projects

Project: MedTech gets Rs.5,000cr PRIP support

by Fiinews
October 12, 2025
0
11

Agrawal says medical device facilities expanding A soon-to-be launched Rs.5,000 crore Promotion of Research and Innovation in Pharma MedTech Sector...

AIBC

Project: India-Australia reposition defence ties

October 12, 2025
11
PIB

Tender: Minister eye $5trn economy by 2027

October 11, 2025
11
PIB

Project: 3 defence pact signed India-Australia

October 11, 2025
11
PIB.

Tender: PM inaugurates Navi Mumbai airport

October 10, 2025
15
SBI YONO
Sabit

POPULAR NEWS

  • Cristina Dnv

    Projects: Indian yards set to build green ships, says DNV expert

    0 shares
    Share 0 Tweet 0
  • Market: Indian-origin UGF scales heritage consumer brands globally

    0 shares
    Share 0 Tweet 0
  • Technologies: Royal Diamond sponsors aerspace Industries’ drones in UAE

    0 shares
    Share 0 Tweet 0
  • Investments: Foreign investors see India as long-term destination for fund placings

    0 shares
    Share 0 Tweet 0
  • Markets: Blue Dart maintains positive outlook on India

    0 shares
    Share 0 Tweet 0

Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

7Clicks Media is a Singapore based Media & PR company offering over 100,000
impressions via our targeted communication strategy.

It is led by editor-in-chief Gurdip Singh who has worked over 45 years reporting on
Asian businesses.

Recent News

  • Tech: Alliances commit to shape future of 6G
  • Project: India works on nature-positive development
  • Tech: PM meets Qualcomm-Anthropic CEOs
  • Project: MedTech gets Rs.5,000cr PRIP support
  • Tech: India-UK launch innovation centre

Pages

  • About US
  • ADVERTISE ON FIINEWS.COM
  • CONTACT US
  • EVENTS
  • FII-NEWS.COM PDF ARCHIVE
  • Home
  • News
  • PRIVACY POLICY

Subscribe to Newsletter

  • About
  • Advertise
  • Careers
  • Contact us

© 2024 FIINEWS - Design and developed by 7clicksmedia.

No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports

© 2024 FIINEWS - Design and developed by 7clicksmedia.