Government of India gave its concurrence for engaging the Asian Development Bank (ADB) for carrying out feasibility study and preparing the Conceptual Development Plan for East Coast Economic Corridor (ECEC) linking Kolkata in the East through Chennai to Tuticorin in South in a phased manner.
ADB has submitted the final report on Conceptual Development Plan of Visakhapatnam-Chennai Industrial Corridor (VCIC). Master planning of two nodes namely Visakhapatnam and Srikalahasti-Yerpedu has been initiated. Asian Development Bank (ADB) has approved $631 million (Rs. 4165 crore) in loans and grants for infrastructure development along the Vizag-Chennai Industrial Corridor (VCIC) on 20th September, 2016.
A proposal has been received from Government of Puducherry for inclusion of Puducherry as a node in ECEC. ADB has agreed for feasibility study.