ADB to fund for India?s first coastal industrial corridor
The Asian Development Bank (ADB) has approved $631 million to develop the first 800-km section of a planned 2,500-km-long East Coast Economic Corridor. The Visakhapatnam-Chennai Industrial Corridor section of the East Coast Economic Corridor, connecting four economic hubs and nine industrial clusters, will mark the first industrial corridor developed along India?s coast. The East Coast Economic Corridor will ultimately extend from Kolkata (West Bengal) in the North-East to Tuticorin (Tamil Nadu) near the southern-most point of the country.

The new infrastructure will be built in the four main centres along Visakhapatnam, Kakinada, Amaravati, and Yerpedu-Srikalahasti as well as in nearby industrial areas. It will include 138 km of state highways and roads, effluent and water treatment plants, 488 km of drinking water pipes, 47 km of storm drains, 10 power substations, and 281 km of power transmission and distribution lines.