ADB to study Chennai-Vishakapatnam leg of economic corridor

Chennai, July 9 (IANS) The Asian Development Bank (ADB) would first undertake a feasibility study on the Vishakapatnam-Chennai section of the East Coast Economic Corridor project linking Kolkata-Chennai-Tuticorin, said a government statement.

According to the statement, a concept note has been prepared by ADB on an East Coast Economic Corridor linking Kolkata-Chennai-Tuticorin.

The central government decided to initiate a feasibility study with the help of ADB.

According to the statement, in view of the commitment made by the central government under the Andhra Pradesh Reorganisation Act, 2014, in the first phase of the study the ADB will focus on the Vishakapatnam-Chennai section.

Based on the study a final view on the Chennai-Vishakapatnam Industrial Corridor may be taken within the timeline prescribed in the Act and further action taken accordingly, the statement noted.