India: Kochi Metro Rail Project - Phase II (AIIB-000795)

  • South Asia
Geographic location where the impacts of the investment may be experienced.
  • India
Geographic location where the impacts of the investment may be experienced.
Specific Location
Kochi, Kerala
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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Republic of India
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
  • Infrastructure
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Potential Rights Impacts
  • Housing & Property
  • Labor & Livelihood
Only for projects receiving a detailed analysis, a broad category of human and environmental rights and frequently at-risk populations.
Investment Type(s)
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 122.30 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Loan Amount (USD)
$ 122.30 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 235.60 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ AIIB website

Updated in EWS Nov 23, 2023

Disclosed by Bank Nov 7, 2023

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

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).


  • AIIB's Environmental and Social Policy (ESP), including the Environment and Social Standards (ESSs) and the Environmental and Social Exclusion List, will apply to this project. ESS1 (Environmental and Social Assessment and Management) and ESS2 (Involuntary Resettlement) are applicable.
  • The project has been categorized as Category "A" based on the potential environmental and social (E&S) impacts due to civil works in a densely urbanized environment, land acquisition, occupational health, and safety (OHS), vehicular traffic, pollution, dust, noise, and vibration.
  • An Environmental Impact Assessment (EIA), an Environmental Management Plan (EMP) and four social impact assessments (SIAs)/resettlement plans (RPs) were prepared by Kochi Metro Rail Limited (KMRL) to meet international lender's requirements. These documents adequately address the project risks and impacts, consultations, and management approaches, albeit with minor gaps. To further align the instruments with the AIIB E&S requirements, (i) an Environmental Due Diligence Report (EDRR), covering the Climate Risk Assessment, Noise and Vibration (N&V) Assessment, institutional arrangements, and mitigation plans, (ii) a Social Due Diligence Report (SDRR), (iii) an E&S Management Plan (ESMP), and (iv) an E&S Action Plan (ESAP) will be prepared during appraisal.
  • The statutory process of SIA requires extensive consultation at various levels, including mandatory public consultations. During EIA and SIAs/RPs preparation, KMRL/the Government of Kerala (GOK) consulted project-affected people (PAPs), such as residents, tenants, commercial traders, women, fixed and mobile kiosk owners and other vulnerable groups identified. EIA and the four SIAs/RPs are disclosed in English on KMRL's website. The English version (with summaries in Malayalam) of EIA, SIAs/RPs, EDDR, SDDR, ESMP and ESAP will be disclosed on KMRL's and AIIB's websites and also made available in hard copies in the project area.
People Affected By This Project
People Affected By This Project refers to the communities of people likely to be affected positively or negatively by a project.

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.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

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


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.


Asian Infrastructure Investment Bank

Tomás Herrero

Investment Operations Specialist – Transport


Republic of India

Prasanna V. Salian

Director Department of Economic Affairs, Ministry of Finance


Kochi Metro Rail Limited (KMRL)

Loknath Behera

Managing Director, KMRL


You can submit an information request for project information at:


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:

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:

How it works

How it works