Andhra Pradesh: CM Jagan thanked FM Nirmala Sitharaman for the help provided to the state
Union Finance Minister Nirmala Sitharaman met Chief Minister Shri YS Jagan in New Delhi. The meeting lasted for about 40 minutes.
The Chief Minister discussed various issues related to the state. The CM thanked the Andhra Pradesh State for the assistance provided.
With the help of FM Nirmala Sitharaman, the state has received large amount of funds from various angles. As a part of which, the sanction of $141.12 million loan by ADB for the development of Visakha Industrial Corridor is crucial.
The Asian Development Bank (ADB) and the Government of India signed, on 23.05.2023, a $141.12 million loan to support the development of high-quality internal infrastructure such as roads, water supply systems and electricity distribution network in three industrial clusters in the state of Andhra Pradesh.
Specifically, this financing will help strengthen industrial infrastructure in Visakhapatnam node with the development of internal infrastructure in the start-up area of the 160-hectare (ha) Rambilli and 441-ha Nakkapalli industrial clusters, widening of 13.8-kilometer (km) of the Atchuthapuram–Anakapalli road and improvement of 4.4-km access road to the Nakkapalli cluster. Internal infrastructure in the proposed clusters will include internal roads, storm water drains, water supply systems, and electric power distribution systems.
In Srikalahasthi-Chittoor node, the project will help develop the start-up area of the 938-ha Chittoor–South industrial cluster, and improve a 9.5-km access road to the Chittoor-South industrial cluster and an 8.7-km access road to the Naidupeta industrial cluster.