According to bank documents, "The proposed Project will connect Modipuram in Meerut to Sarai Kale Khan in Delhi through constructing an 82-km rail-based rapid transit system, with a design speed of 180 km per hour (km/ h) and an average speed of 100 km/h.
The Project components to be jointly cofinanced with Asian Development Bank (ADB) and Japan Fund for Poverty Reduction (JFPR) are:
Component A: Civil works (underground tunneling and stations, elevated viaduct and stations, and two depots)
Component B: Signaling and Telecommunication, Electrical works, and Traction
Other Project components to be financed by the Government of India, Government of Uttar Pradesh, and Government of Delhi (Governments) are detailed design consultants, General Consultant, and two elevated civil works packages. Further, rolling stock is also proposed to be financed by the Governments."
ADB US$ 1,549 million
apan Fund for Poverty Reduction US$ 3 million
Governments US$ 1,897.7 million
Soon Sik Lee
Project Team Leader and Principal Investment Operations Specialist (Transport)
Asian Infrastructure Investment Bank
Mission Leader and Principal Transport Specialist
Asian Development Bank
Prasanna V. Salian
Department of Economic Affairs, Ministry of Finance
Republic of India
National Capital Region Transport Corporation (NCRTC)
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.