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According to AIIB, the proposed project will support the implementation of Phase II of Kochi Metro Rail which will include the construction of an elevated, electrified metro rail system of 11.2 km and 11 stations along the JLN Stadium - Infopark corridor. It will finance (i) the implementation of the civil works; and (ii) the procurement and installation of systems, including telecommunications, traction and power supply facilities, auxiliary main substation, electrical and mechanical works, lift(s), and escalator(s).
ENVIRONMENTAL AND SOCIAL INFORMATION
The land required for the construction of the metro station is being acquired from the area from Palarivattom Junction to Infopark, Kakkanad. Major part of the land acquired (approximately 1.0966 hector) for the construction of stations for Kochi Metro stations are private land. The land used by families for residence and livelihood as well as land used for the spiritual needs of a community are included in acquisition. Therefore, land acquisition as per the present alignment may resulted in evacuation of families, loss of livelihood to the families etc.
Total Amount (USD million): 235.6
Government of India (USD million): 40.8
Government of Kerala(USD million): 66.8
AIIB (USD million):122.3
Private Sector (USD million): 5.6 million
PROJECT TEAM LEADER
Asian Infrastructure Investment Bank
Tomás Herrero
Investment Operations Specialist – Transport
BORROWER
Republic of India
Prasanna V. Salian
Director Department of Economic Affairs, Ministry of Finance
IMPLEMENTING ENTITY
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