India: Extension, Renovation, and Modernization of Grand Anicut Canal System (AIIB-000362)

Countries
  • India
Where the impacts of the investment may be experienced.
Specific Location
Cauvery Delta region
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
Proposed
Bank Risk Rating
B
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.
Voting Date
Jul 1, 2021
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Government of India
The holder of the loan, grant, or other investment.
Sectors
  • Water and Sanitation
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)
$ 230.00 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)
$ 365.00 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 Feb 4, 2021


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Project Description

According to the bank's documents, "The renovation and modernization of the Grand Anicut Canal system will be carried out through various interventions including lining the bed and side walls of the canal, repair / replacement of the water regulating structures, de-silting the tanks, and introduction of canal automation system. These interventions are expected to result in increased conveyance efficiency thereby increasing land under irrigation in the region and ensure equitable distribution of water to farmers based on the need (through the automation system) resulting in sustainable agricultural practices. The renovated structures will also reduce the instances of canal breaches and flooding of the towns and villages in the Cauvery Delta region."

 

Investment Description

Co-financing:
Government of Tamil Nadu USD135 million


Contact Information

AIIB
Hari Bhaskar
Senior Investment Operations Specialist
hari.bhaskar@aiib.org

Borrower
Dr. Prasanna V. Salian
Deputy Secretary
Department of Economic Affairs, Ministry of Finance
pv.salian@nic.in

Implementing Entity
Mr. S. Ramamoorthy
Chief Engineer, WRD and Project Director
cetrydb@hotmail.com

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.aiib.org/en/contact/information-request/index.html

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