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ADB approves $631mil loan for Vizag-C...

Chalanachithram.com DB » New TF Industry Related » Archive through September 22, 2016 » ADB approves $631mil loan for Vizag-Chennai corridor « Previous Next »
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Awesomedber
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Username: Awesomedber

Post Number: 147
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Posted on Wednesday, September 21, 2016 - 02:39 pm:       


Scorpio:



Yeah Anyways It's true that Central government is the security for any external financing by states
 

Awesomedber
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Post Number: 146
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Posted on Wednesday, September 21, 2016 - 02:37 pm:       


Scorpio:




To mind you, Getting loans from ADB is very tough in general.
They are not just another commercial bank. They are strictly not for profit and the purpose of the loan and implementation should be according to their guidelines.So it asks for so many things that it take few years to get the approvals
 

Scorpio
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Username: Scorpio

Post Number: 15422
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Posted on Wednesday, September 21, 2016 - 02:31 pm:       


Awesomedber:

Modi ki em sambandham ledu.. Its AP govt which approached and acted very fast There is a dyanamic IAS who is IIM-A & Ex-Goldman Sachs behind this record speed approval




Central Govt approval lekundaa appulu theesukolem gaa...Good Job anyways...
Man sacrifices his health in order to make money.Then he sacrifices money to recuperate his health. And then he is so anxious about the future that he does not enjoy the present; the result being that he does not live in the present or the future; he lives as if he is never going to die, and then dies having never really lived. - Dalai Lama
 

Shikari
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Username: Shikari

Post Number: 20039
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Posted on Wednesday, September 21, 2016 - 02:30 pm:       


Awesomedber:

There is a dyanamic IAS who is IIM-A & Ex-Goldman Sachs behind this record speed approval



http://i.imgur.com/eUYcc.gif
 

Awesomedber
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Username: Awesomedber

Post Number: 145
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Posted on Wednesday, September 21, 2016 - 02:28 pm:       


Scorpio:



Modi ki em sambandham ledu.. Its AP govt which approached and acted very fast :-)There is a dyanamic IAS who is IIM-A & Ex-Goldman Sachs behind this record speed approval :-)
 

Sasibabu
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Username: Sasibabu

Post Number: 44862
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Posted on Wednesday, September 21, 2016 - 12:50 pm:       

 

Scorpio
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Posted on Wednesday, September 21, 2016 - 12:48 pm:       

Thank you Modi
Man sacrifices his health in order to make money.Then he sacrifices money to recuperate his health. And then he is so anxious about the future that he does not enjoy the present; the result being that he does not live in the present or the future; he lives as if he is never going to die, and then dies having never really lived. - Dalai Lama
 

Shikari
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Username: Shikari

Post Number: 20033
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Posted on Wednesday, September 21, 2016 - 08:27 am:       


Right_wing:

oka pakka roadle sarigga levura ayya ani edusthunte



#RichStateProblems:D

Awesomedber:

I know a consultant working on behalf of ADB with govt of AP. As per him its one of the fastest approvals for ADB.he was working on it for almost an year on that.



super!
http://i.imgur.com/eUYcc.gif
 

Oka_andhrudu
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Username: Oka_andhrudu

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Posted on Wednesday, September 21, 2016 - 01:34 am:       

Game changer of AP if successful...

Congratulations.
AP first !! CBN next !!
 

Awesomedber
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Username: Awesomedber

Post Number: 142
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Posted on Wednesday, September 21, 2016 - 01:14 am:       

I know a consultant working on behalf of ADB with govt of AP. As per him its one of the fastest approvals for ADB.he was working on it for almost an year on that.
 

Right_wing
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Username: Right_wing

Post Number: 1287
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Posted on Wednesday, September 21, 2016 - 12:55 am:       

oka pakka roadle sarigga levura ayya ani edusthunte ..enti ilanti news esi ne ragging
 

Shikari
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Username: Shikari

Post Number: 20031
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Posted From: 124.123.212.225

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Posted on Wednesday, September 21, 2016 - 12:52 am:       

The Asian Development Bank (ADB) has approved a $631¬million loan for construction of industrial corridor between Visakhapatnam and Chennai, part of India's first coastal industrial corridor running from West Bengal to Tuticorin in Tamil Nadu. "The fund will help develop the first key 800¬km section of the planned 2,500¬km East Coast Economic Corridor expected to spur development on India's eastern coast and enable seamless trade links with other parts of South and Southeast Asia," ADB said in an official statement on Tuesday.
The total cost of the project is $846 million and work on it is expected to be over by 2031. The remaining $215 million will be funded by the Andhra Pradesh government. Loans and grants from the Manila based bank comprise a $500 million two¬tranche facility to build key infrastructure and a $125 million two¬tranche loan to help in industrial policies and business promotion. The loan is for a period of 25 years at interest rate of 0.5% plus libor.
The ADB loan will help the government build state¬of¬theart industrial clusters, roads, efficient transport, and reliable water and power supplies with a skilled workforce and good business policies.
The new infrastructure will be built in the four main centres — Visakhapatnam, Kakinada, Amaravati and Yerpedu¬ Srikalahasti — along the corridor. It will include 138 km of state highways and roads, water treatment plants, 488 km of drinking water pipeline, 47 km of storm drains, 10 power substations and 281 km of power transmission and distribution lines.
According to ADB's projections, automobile and electronic manufacturing will grow 24% a year over the next two decades along the coastal corridor districts. During this period, 7¬13% growth is expected in plastics, food processing, textiles and apparels, chemicals, pharmaceuticals and petrochemicals sectors.
http://economictimes.indiatimes.com/news/economy/infrastruct ure/adb-clears-631-million-loan-for-vizag-chennai-industrial -corridor/articleshow/54423461.cms
http://i.imgur.com/eUYcc.gif

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