According to bank documents, the proposed project aims to "improve economic connectivity and road transport efficiency in the Chennai Metropolitan Area through the construction of a peripheral road." The project will include construction of a 56.8 km six-lane dual carriageway and capacity development.
The project will be co-financed with OFID. OFID will follow AIIB’s ESP. The project has been screened and reviewed in accordance with the ESP and ESSs and is assigned as Category “A”.
AIIB’s Environmental and Social Policy (ESP), including the Environment and Social Standards (ESSs) and the Environmental and Social Exclusion List will apply to this project. ESS 1 (Environmental and Social Assessment and Management) and ESS 2 (Involuntary Resettlement) are also applicable to the project.
The OPEC Fund for International Development (OFID): USD100 million
Government of Tamil Nadu: USD602 million
Mehran Avini, Senior Private Sector Development Technical Specialist
The OPEC Fund for International Development (OFID)
Shaimaa Al-Sheiby, Senior Officer
Private Sector Operations
Dr. Prasanna V. Salian
Deputy Secretary, Department of Economic Affairs, Ministry of Finance
Government of Republic of India
Tamil Nadu Highways Department
Dr. A. Arun Thamburaj
Chennai Peripheral Ring Road Project
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.