According to the bank's website, the project aims to support the purchasing new-build container vessels thereby replacing existing old vessels with more energy-efficient ones for regional connectivity and trade. It involves providing a senior, secured, sustainability-linked loan (SLL) to SPVs of XPF for the purchase of three 7,000 twenty-foot equivalent units (TEUs) new-build container ships for deployment on the China-India trade route.
The Project involves AIIB providing senior secured loan up to USD70 million. The Project is being co-financed with the IFC and another commercial parallel lender who will provide the remaining portion of the required debt. The total project cost is estimated at USD234 million, which will be financed by 30% equity and 70% debt.
Asian Infrastructure Investment Bank
Seung Myun Lee
Senior Investment Operations Specialist
Senior Investment Officer
Capt. Mayank Singh
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