India: Nangal Chaudhary Integrated Multi-Modal Logistics Hub (IMLH) Project (AIIB-000284)

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.
Project Status
Proposed
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.
Borrower
Government 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 Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 70.10 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)
$ 142.20 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ AIIB website

Updated in EWS Jun 29, 2020


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Project Description

According to the bank's website, "The project will build the trunk infrastructure of the IMLH including rail connectivity and sidings, road connectivity, water supply and sewage treatment and external power supply and distribution." The project document states its objective as "To provide a value-added Integrated Multi-Modal Logistics Hub (IMLH) that facilitates economic activities between the National Capital Region (NCR)/Northern States and the Mumbai port (JN Port) by utilizing the cost efficient and high-speed Western Dedicated Freight Corridor (WDFC)."

Investment Description
  • Asian Infrastructure Investment Bank (AIIB)
Private Actors
  • DMIC Haryana Multi-modal Logistics Hub Project Limited -- Implementing Company
Contact Information

AIIB
Woo-Hyun Kwon, Senior Investment Operation Specialist-Transport
Woohyun.kwon@aiib.org

Borrower
Prasana V. SalianDeputy Secretary
Department of Economic Affairs, Ministry of Finance
Republic of Indiapv.salian@nic.in

Implementation Agency
DMIC Haryana Multi-modal Logistics Hub Project Limited (DHMHPL)


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.