India: Chennai Peripheral Ring Road (Sections 2 and 3) (AIIB-000336)

  • India
Where the impacts of the investment may be experienced.
Specific Location
Chennai Metropolitan Area
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
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
Bank Risk Rating
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.
Government of India
The holder of the loan, grant, or other investment.
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 378.00 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)
$ 1,080.00 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 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.

Investment Description
  • Asian Infrastructure Investment Bank (AIIB)

The OPEC Fund for International Development (OFID): USD100 million
Government of Tamil Nadu: USD602 million

Contact Information

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
Project Director,
Chennai Peripheral Ring Road Project


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