India: Maharashtra Road Upgradation Project (MAHA-RUP) (AIIB-001119)

Countries
  • India
Geographic location 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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
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."
Borrower
Republic of India, Ms. Tulsipura Rajkumari
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Transport
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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 500.00 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)
$ 500.00 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)
$ 715.00 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 10, 2026

Disclosed by Bank Jul 29, 2026


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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 bank's website, the proposed project aims to improve the quality, efficiency, safety, and climate resilience of economic growth corridors in Maharashtra and enhance institutional capacity of Maharashtra's Public Works Department to better manage its road network. The Project will have the following three components: 

Component A will finance the upgrading of about 750 km of Economic Growth Corridors under PWD's Core Road Network to two-lane high-speed State Highway and Major District Road standards, as required, through improvement of geometry, road safety, climate resilience, drainage, wayside facilities, use of bio-engineering measures and green construction, as well as rehabilitation of existing and construction of new bridges, culverts, and structures. The roads will be designed mostly to two-lane carriageway with earthen/paved shoulders for a design life of 30 years, using value engineering for economic efficiency, lifecycle planning, and a 10-year in-built provision of post-construction maintenance under the works contracts, with a 5-year maintenance provision for asphalt roads.

Component B will support pilot interventions covering (i) Value Engineering: demonstration of value engineering over the project lifecycle and use of best practices on design and construction of modern two-lane highways of about 40–45 km; and (ii) RAMS Implementation: demonstration of the Road Asset Management System as a tool to optimally apply available funds through implementation of civil works (construction and maintenance) contained in the investment and maintenance plans prepared by RAMS in a typical district/sub-district, using performance-based maintenance contracts.

Component C will provide technical assistance to support implementation of initiatives under PWD's Road Sector Policy, including (i) development and operationalization of a GIS-based Road Asset Management System (RAMS) and a Long-Term Asset Management Plan; (ii) establishment and implementation of a Human Resources Professional Development Strategy for training and capacity building of PWD engineers; (iii) studies on monitoring of project development objectives and socio-economic impact assessment and contribution to the state economy; and (iv) enhancement of PWD engineering and business processes, including value engineering guidelines, a road sector financing study for PWD's Amrit Kaal Road Development Plan, a PWD-wide design policy, and a quality assurance policy similar to the PMGSY program. 

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

Total project cost: USD 715.00 million

 

Proposed AIIB Financing: USD 500.00 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.

Project Team Leader: Pawan Karki 

Title: Senior Investment Officer 

Email: pawan.karki@aiib.org 

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

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