According to AIIB documents, the project will finance North-South connectivity along the Central and Eastern parts of Bangalore city through a modern metro system.
The European Investment Bank (EIB) will be the lead financier of the Project and will play a leading role in procurement, environmental and social compliance, and project monitoring and reporting for the Project.
For further Project details, see the following EIB website: http://www.eib.org/projects/pipelines/pipeline/20160816.
The estimated project cost is $1785 USD million. AIIB investment is $335 USD million.
EIB - USD583 million
Borrower - USD867 million
Asian Infrastructure Investment Bank (AIIB):
Mr. Soon-Sik Lee
Project Team Leader/Senior Investment Operations Specialist
Tel: +86 10 8358 0078
European Investment Bank:
Mr. Zoltán Donáth
Senior Sector Engineer
Tel: +352 4379 8 2798
Mr. Bhaskar Dasgupta
Department of Economic Affairs, Ministry of Finance, Republic of India
Tel: +91 11 2309 2883
Mr. S. Vasudevan
Chief Finance Officer
Tel: +91 80 2296 9325
ACCOUNTABILITY MECHANISM OF AIIB
The AIIB has established the Accountability Mechanism for Project-Affected People (PPM). The PPM provides “an opportunity for an independent and impartial review of submissions from Project-affected people who believe they have been or are likely to be adversely affected by AIIB’s failure to implement the ESP in situations when their concerns cannot be addressed satisfactorily through Project level GRMs or AIIB Management processes.” Two or more project-affected people can file a complaint. Under the current AIIB policy, when the bank co-finances a project with another development bank, it may apply the other bank's standards. You can refer to the Project Summary Information document to find out which standards apply. You can learn more about the PPM and how to file a complaint at: https://www.aiib.org/en/about-aiib/who-we-are/project-affected-peoples-mechanism/how-we-assist-you/index.html.
The complaint submission form can be accessed in Arabic, Bahasa Indonesia, Bengali, Chinese, English, Tagalog, Hindi, Nepali, Russian, Turkish, or Urdu. The submission form can be found at: https://www.aiib.org/en/about-aiib/who-we-are/project-affected-peoples-mechanism/submission/index.html.