https://www.taxtmi.com/news?id=17517 Multilateral financing was executed to develop the Visakhapatnam-Chennai Industrial Corridor combining a multi tranche loan for physical infrastructure and a policy based loan for institutional capacity building. Tranche 1 funds high priority subprojects in two nodes-road widening, smart water management to reduce nonrevenue water, power substation upgrades for reliable electricity, and effluent treatment facilities-while a complementary grant supports climate resilient infrastructure and the government provides additional national funding. The package uses tranche lending with a long tenor, a grace period, straight line repayment under a LIBOR based facility, and policy support for corridor management and ease of doing business reforms. en-us Tue, 28 Feb 2017 14:13:12 +0530 Tue, 28 Feb 2017 14:13:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=17517 Multilateral financing was executed to develop the Visakhapatnam-Chennai Industrial Corridor combining a multi tranche loan for physical infrastructure and a policy based loan for institutional capacity building. Tranche 1 funds high priority subprojects in two nodes-road widening, smart water management to reduce nonrevenue water, power substation upgrades for reliable electricity, and effluent treatment facilities-while a complementary grant supports climate resilient infrastructure and the government provides additional national funding. The package uses tranche lending with a long tenor, a grace period, straight line repayment under a LIBOR based facility, and policy support for corridor management and ease of doing business reforms. News - Tue, 28 Feb 2017 14:13:12 +0530 https://www.taxtmi.com/news?id=17517