The Asian Development Bank (ADB) and the Centre have signed a $484 million loan to improve transport connectivity and facilitate industrial development in the Chennai–Kanyakumari Industrial Corridor (CKIC).
CKIC is part of India’s East Coast Economic Corridor (ECEC), which stretches from West Bengal to Tamil Nadu.
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.
It connects India to the production networks of South, Southeast, and East Asia.
ADB is the lead partner in developing ECEC
The project will also strengthen road safety improvement programs through advanced technologies for road monitoring and enforcement.
The project is part of the priority infrastructure projects identified for corridor development under the ADB-supported CKIC comprehensive development plan.
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.
In addition, the project will help improve the planning capacity of Tamil Nadu’s Highways and Minor Ports Department.