According to AIIB website, the project aims to enhance the network capacity, service quality and safety of Mumbai’s suburban railway system.
Funding in USD (million):
AIIB - 500
Ministry of Railway - 186.5
Government of Maharashtra - 310.5
Borrower/Client: Government of India
Dr. Prasanna V. Salian, Joint Director
Department of Economic Affairs, Ministry of Finance
Implementing Agency: Mumbai Railway Vikas Corporation Ltd.
R.S. Khurana, Chairman and Managing Director
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.