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    <title>Approval of Loan to VCIC by ADB</title>
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    <description>ADB approved a combined financing package for the Visakhapatnam-Chennai Industrial Corridor comprising multi tranche loans for infrastructure and policy promotion, a concessional grant for climate resilient urban works, and technical assistance. The first tranche has DPRs prepared and provides long tenor financing with a defined grace period, straight line repayment, and interest determined under ADB&#039;s LIBOR based lending facility.</description>
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