Original disclosure @ AIIB website
Updated in EWS Jun 29, 2020
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According to the bank's website, the proposed project aims to "provide high capacity and efficient east-west connectivity through the center of Chennai by expanding the city's metro system."
The project components are:
Component A: Construction of 16 km of elevated viaduct
Component B: Construction of 18 elevated stations
Component C: Construction of 7 underground stations
Component D: Implementation support and technical assistance
Other components, including the underground section, depot, system and rolling stock for the project will be financed by parallel co-financiers and the Government of Tamil Nadu (Co-financiers' Components)."
Government of Tamil Nadu US$ 652.36 million
Parallel Co-financiers US$ 1,165.52 million
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|-||-||-||-||Chennai Metro Rail Limited||Client||-|
Principal Investment Operations Specialist (Transport)
Prasanna V. Salian
Deputy Secretary, Department of Economic Affairs
Ministry of Finance, Republic of India
Pankaj Kumar Bansal
Managing Director, Chennai Metro Rail Limited
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.