The Visakhapatnam-Chennai Industrial Corridor Development Program (VCICDP) will complement the ongoing efforts of the Government of Andhra Pradesh (GoAP) to enhance industrial growth and create high quality jobs. The VCICDP comprises a multitranche financing facility (MFF), a grant, and a policy-based loan (PBL). The MFF and the grant will support priority infrastructure investments in the Visakhapatnam- Chennai Industrial Corridor (VCIC), and the PBL will support policy reforms and institutional development in the state.
PROJECT RATIONALE AND LINKAGE TO COUNTRY/REGIONAL STRATEGY
To lay the foundation for a long-term investment program, ADB supported the preparation of a conceptual development plan and a regional perspective plan for the VCIC, which included an infrastructure strategy to drive economic growth and the identification of nodes for industrial development, high-potential industrial sectors, and a set of priority projects. The conceptual development plan indicated that the VCIC, with its long coastline and strategically located ports, provides multiple international gateways to connect India with vibrant global production networks. The regional perspective plan identified the VCIC's high potential for generating additional employment and industrial output, which can be achieved from 2015 to 2045. ADB is continuing its support to the GoAP with strategic planning for a long-term, phased investment plan, among others, through master planning of the four identified industrial nodes. The VCICDP will build on the existing concentration of industries and increase the density and flow of economic activities along the VCIC in a business-induced scenario against a business-as-usual scenario. The VCICDP is in line with ADB's country partnership strategy for India.
Contribution of the manufacturing sector to the gross domestic product, trade, and employment of GoAP increased
The project management unit will recruit consultants in accordance with ADB's Guidelines on the Use of Consultants (2013, as amended from time to time). Consulting services include project management and supervision, road safety awareness, and resettlement monitoring.
Procurement of civil works and goods will be carried out in accordance with ADB s Procurement Guidelines (2015, as amended from time to time).
Grant 0495-IND: Visakhapatnam-Chennai Industrial Corridor Development Program - Project 1
Urban Climate Change Resilience Trust Fund under the Urban Financing Partnership Facility US$ 5.00 million
Loan 3430-IND: Visakhapatnam-Chennai Industrial Corridor Development Program - Project 1
Ordinary capital resources US$ 245.00 million
ACCOUNTABILITY MECHANISM OF ADB
The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main
Responsible ADB Officer Sharma, Manoj
Responsible ADB Department South Asia Department
Responsible ADB Division Urban Development and Water Division, SARD
Department of Industries & Commerce, Government of Andhra Pradesh
North H Block, 3rd Floor, AP Secretariat