Common Contracts
1 similar Framework Financing Agreement contracts
FRAMEWORK FINANCING AGREEMENT VISAKHAPATNAM–CHENNAI INDUSTRIAL CORRIDOR DEVELOPMENT PROGRAMFramework Financing Agreement • September 29th, 2016
Parties This Framework Financing Agreement (FFA) dated 05 July2016 is between India, acting by its President, and Asian Development Bank (ADB). MFF Investment Program India and the State of Andhra Pradesh (the State) are committed to implement the Visakhapatnam–Chennai Industrial Corridor Development Program (VCICDP) following the roadmap and investment program described in Schedule 1 hereto. The State’s core infrastructure investment program as outlined as part of its draft Vision 2030 is $30.8 billion and the short- term needs are placed at $11.42 billion (2015-2020).1 The Comprehensive Development Plan (2015), an exercise in parallel, prioritized actions for Visakhapatnam–Chennai Industrial Corridor (VCIC), focused on (i) improving connectivity (193 roads), (ii) industrial infrastructure improvements in 19 estates, (iii) associated power transmission enhancements for the industries, and (iv) upgrade to urban infrastructure with special reference to Visakhapatnam. The prioritized inv
