India: Andhra Pradesh Urban Water Supply and Septage Management Improvement Project (AIIB-000079)

Regions
  • South Asia
Where the impacts of the investment may be experienced.
Countries
  • India
Where the impacts of the investment may be experienced.
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
A
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
Dec 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
  • Water and Sanitation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Loan Amount (USD)
$ 400.00 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)
$ 940.00 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 11, 2018

Disclosed by Bank Apr 13, 2018


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Project Description

o improve water supply and sanitation service levels and strengthen sustainable service delivery in targeted urban areas.

Investment Description
  • Asian Infrastructure Investment Bank (AIIB)
Contact Information

PROJECT CONTACTS

AIIB:
Prakash Bajoria
Project Team Leader/Private Sector
Investment Operations Specialist
Tel: +86 10 83580145
E-mail: prakash.bajoria@aiib.org

Zacharias Ziegelhöfer
Co-Project Team Leader / Infrastructure Sector Economist
Tel: +86 10 83580336
E-mail: zziegelhoefer@aiib.org

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

Implementing Entity: K. Kanna Babu
Managing Director
Andhra Pradesh
Urban Finance Infrastructure and Development Corporation
ASR & ESR Plaza, Opp. Vigneshwara nagar,
Road No. 1, Mahatma Gandhi Inner Ring Road,
Reddy Palem, Guntur - 522 509,
Andhra Pradesh, India
Tel: +91 863 2250477
Fax: +91 863 2260477
E-mail: apufidc@yahoo.com

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.