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Approval of Loan to VCIC by ADB
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....pproval of Loan to VCIC by ADB <br>News and Press Release<br>Dated:- 15-3-2017<br><BR>Press Information Bureau Government of India Ministry of Commerce & Industry 15-March-2017 16:18 IST Asian Dev....
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....elopment Bank (ADB) has approved $631 million (Rs.4165 crore) in loans and grants for infrastructure development along the Vizag-Chennai Industrial Corridor (VCIC) on 20th September, 2016. This amount....
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.... comprises (i) $ 500 million two-tranche facility to build key infrastructure (ii) $ 125 million two-tranche loan to help with industrial policies and business promotion (iii) $ 5 million grant from t....
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....he multi-donor Urban Climate Change Resilience Trust Fund that is managed by ADB to build climate resilient infrastructure, and (iv) $1 million technical assistance to help the Andhra Pradesh local Go....
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....vernment to manage the corridor. India and ADB have signed first tranche of loan USD 375 million pact for loans and grants to develop Visakhapatnam-Chennai Industrial Corridor. Detailed Project Report....
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....s (DPR) for the first tranche has been prepared. First tranche loan will have a 25 year term, including a grace period of 5 years, a 20 year straight line repayment method at an annual interest rate d....
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....etermined in accordance with ADB's LIBOR-based lending facility. This information was given by the Commerce and Industry Minister Smt. Nirmala Sitharaman in a written reply in Rajya Sabha today. ***....
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....** MJPS<BR> News - Press release - PIB....