India: Andhra Pradesh Rural Roads Project (AIIB-000063)

Countries
  • India
Where the impacts of the investment may be experienced.
Specific Location
Andhra Pradesh state, India
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • Asian Infrastructure Investment Bank (AIIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Sep 1, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Republic of India
The holder of the loan, grant, or other investment.
Sectors
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 455.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 650.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Bank Documents
Primary Source

Original disclosure @ AIIB website

Updated in EWS Jun 25, 2018

Disclosed by Bank Apr 10, 2018


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Project Description

The stated aim of this project is to improve road transport connectivity in previously unserved communities by providing all-weather rural roads in 13 districts of the state of Andhra Pradesh.

According to AIIB documents, this project has two components:

Component 1: Construction of new connectivity consisting of:
(i) Construction of about 3,000 km of bitumen paved roads in the locations with soft soil

(ii) Construction of about 2,500 km of cement concrete paved roads, in the locations with hard soil

(iii) Construction of about 60 bridges and hydraulic structures (culverts) to increase connectivity of the roads during the monsoon season.

Component 2: Technical Assistance

 

Investment Description
  • Asian Infrastructure Investment Bank (AIIB)

The funding for this project is:

AIIB - 455 million USD
Government of Andhra Pradesh - 195 million USD

Contact Information

AIIB
Hari Bhaskar
Project Team Leader / Senior Investment Operations Specialist
Tel: +86 10 8358 0167
E-Mail: hari.bhaskar@aiib.org


Borrower
Bandana Preyashi
Director
Deputy Secretary, Department of Economic Affairs, Government of India
Tel: +91 11 23092345  / E-Mail: bandana.preyashi@gov.in


Implementation Agency
R. Venkateswara Rao
Engineer-in-Chief
Panchayat Raj Engineering Department, Government of Andhra Pradesh
Tel: +91 866 248 1868
E-Mail: eic_pr@ap.gov.in

 

ACCOUNTABILITY MECHANISM OF AIIB

In addition, the AIIB has a Bank Oversight Mechanism. According to AIIB's policies, "people who believe they have been or are likely to be adversely affected by a failure of the Bank to implement the ESP may also submit complaints to the Bank's oversight mechanism in accordance with the policies and procedures to be established by the Bank for such mechanism." However, at the time of writing, it is unclear what the exact scope and function of this Oversight Mechanism will be.