Which of the following Bank to provide a USD 484 million loan to improve transport connectivity in the Chennai?

June 18, 2021

Who recently conducted a trial run of train on Dedicated Freight Corridor?

Which of the following Bank to provide a USD 484 million loan to improve transport connectivity in the Chennai?

A. ADB Bank

B. World Bank

C. ICICI Bank

D. None of these

Explanation:

The Asian Development Bank (ADB) announced to provide a USD 484 million loan to improve transport connectivity and facilitate industrial development in the Chennai–Kanyakumari Industrial Corridor (CKIC) in Tamil Nadu. The CKIC is part of India’s East Coast Economic Corridor (ECEC), which stretches from West Bengal to Tamil Nadu and connects India to the production networks of South, Southeast, and East Asia. ADB is the lead partner of the Indian government in developing ECEC.