According to bank document, the objective of the proposed project is to provide sustainable basic infrastructure for the development of a new tourism destination in the Mandalika region of Lombok. According to the Mandalika Masterplan, serviced landlots are to be leased to private investors to construct retail, accommodation and other tourist facilities according to internationally acceptable standards. The project includes improvements to basic infrastructure and services in at least two adjacent villages that would serve both visitors and residents. It will aim to protect and enhance the unique cultural life and scenic attractions of the project area. The project consists of two components:
Component 1. Provision of basic services and infrastructure. This component supports construction of road infrastructure and drainage, water supply, solid waste management, waste water management and sanitation, irrigation, electricity distribution, ICT and early warning systems, landscaping, and community facilities.
Component 2: Technical Assistance and Capacity Building. This component provides support to project management, institutional development, trainings, and studies, and implementation of a long-term Environmental and Social Management Plan.
Cofinancing: Borrower US$ 40 million
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.