Second Dam Rehabilitation and Improvement Project (AIIB-000449)

Countries
  • India
Where the impacts of the investment may be experienced.
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
A
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
Jan 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
  • Hydropower
  • Infrastructure
  • 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)
$ 250.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 250.00 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)
$ 713.41 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Bank Documents
Primary Source

Original disclosure @ AIIB website

Updated in EWS Dec 15, 2020

Disclosed by Bank Oct 20, 2020


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Project Description

According to the bank's documents, the project aims "to increase the safety of selected dams in participating States and to strengthen dam safety management in India.

The project focuses on (i) upgrading and modernizing dam operation and maintenance, with accompanying institutional strengthening for safe and financially sustainable dam operations; and (ii) physical and technical dam rehabilitation and improvement. The project will comprise five components:

  • Component 1: Rehabilitation and management planning for dams and associated appurtenances.
  • Component 2: Dam safety institutional strengthening.
  • Component 3: Risk-informed asset management and innovative financing for sustainable operation and maintenance of dams.
  • Component 4: Project management.
  • Component 5: Contingent emergency response."
Investment Description
  • Asian Infrastructure Investment Bank (AIIB)

Co-financing:
World Bank US$ 250 million
Counterpart US$ 213.41 million

Contact Information

AIIB
David Ginting, Investment Operations Specialist -Water
david.ginting@aiib.org
World Bank
Chabungbam Rajagopal Singh, Senior Water Resources Specialist
csingh5@worldbank.org
Borrower
Prasanna V. Salian, Deputy Secretary, Department of Economic Affairs, Ministry of Finance
pv.salian@nic.in


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 Òan 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 AIIBÕs failure to implement the ESP in situations when their concerns cannot be addressed satisfactorily through Project level GRMs or AIIB Management processes.Ó 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