According to bank documents, "The Project will comprise the provision of rolling stock and systems, including signaling, telecommunications, automatic fare collection, traction and power supply, and depot machinery and plant for a separate project under implementation by the Mumbai Metropolitan Region Development Authority (MMRDA) that covers the construction of a 24.7 km, 17-station, elevated Mumbai Metro Line 5 (MML5)."
The OPEC Fund for International Developmen US$ 100 million
Mumbai Metropolitan Region Development Authority US$ 100 million
Senior Private Sector Technical Specialist
Asian Infrastructure Investment Bank
Private Sector Operations
The OPEC Fund for International Development
Dr. Prasanna V. SalianDeputy Secretary, Department of Economic Affairs, Ministry of Finance
Government of Republic of India
Bharat B. Modgil
Senior Director (Systems Integration), Metro PIU (Systems)
Mumbai Metropolitan Region Development Authority
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.