Gol inked $484mn loan pact with ADB for CKIC Project in TN

On June 16, 2021, Government of India (Gol) Virtually signed a $484 million (Rs 3,616 cr) loan Agreement with the Asian Development Bank to Improve transport connectivity and facilitate

Industrial development in the Chennai-

Kanyakumari Industrial Corridor (CKIC) in Tamil Nadu (TN).

i.In this regard, Seven-year contracts are provided for long-term maintenance of road projects.

About Asian Development Bank

Establishment– 1966

Members– 68

Headquartered– Manila, PhilippinesPresident-  Masatsugu Asakaw

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