ADB, India signs $141.12 mn loan for industrial corridor development in AP
The Asian Development Bank (ADB) and the Government of India signed a $141.12 million loan agreement on Tuesday, the government said in a statement.
The loan aims to support the development of essential infrastructure, such as roads, water supply systems, and electricity distribution networks, in three industrial clusters located in Andhra Pradesh.
This financing is part of a larger $500 million multi-tranche financing facility (MFF) approved by ADB in 2016 to enhance infrastructure in the Visakhapatnam and Srikalahasthi-Chittoor nodes.
