Japon to fund Chennai-Bangalore Industrial Corridor (CBIC)

Japan has said it will soon announce funding for the multi-billion dollar Chennai-Bangalore Industrial Corridor (CBIC), the third mega project that will be quarter-backed by Tokyo. The other two projects that Japan is backing are the Delhi-Mumbai Industrial Corridor (DMIC) and the Dedicated Freight Corridor (DFC).

The feasibility study for the CBIC is likely to be financed from a 184 billion yen Official Development Assistance (ODA) from Japan which will also fund the second phase of the DFC.

The project will initially focus on Phase-II of the Chennai Outer Ring Road, Chennai-Bangalore Expressway, modernisation of airports in Chennai, Bangalore and Sriperumbudur and ports in Chennai and Ennore, in addition to a high-speed rail link between Chennai, Bangalore and the Avadi rail link.

Source: The Hindu