ADB intends to infuse USD 5 bn to develop Eastern Corridor
In a bid to develop the East Coast Economic Corridor (ECEC), Hun Kim, Director General, South Asia Department, Asian Development Bank (ADB), said that they are willing to step-up investments of up to US$ 5 Billion over the next five years for development along the ECEC, a government release said.
Hun Kin met Commerce and Industry Minister, Nirmala Sitharaman on Thursday. “Northern Extension of the ECEC from Vizag to Odisha and West Bengal is very important and ADB should accelerate the work thereon,” said Sitharaman.
The minister further said that the government would help the States to have the infrastructure projects funding. Progress made on the East Coast Economic Corridor was also discussed during their meet.
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Via:: Stock – India Infoline