DEDICATED FREIGHT CORRIDOR CORPORATION OF INDIA LIMITED (MIGA-14989)

Regions
  • South Asia
Geographic location where the impacts of the investment may be experienced.
Countries
  • India
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • Multilateral Investment Guarantee Agency (MIGA)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Bank Risk Rating
A
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
DEDICATED FREIGHT CORRIDOR CORPORATION OF INDIA LIMITED
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Infrastructure
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Guarantee
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
Not Disclosed
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.
Bank Documents
Corporate Actor Documents
Other Related Projects
Primary Source

Original disclosure @ MIGA website

Updated in EWS Oct 13, 2022

Disclosed by Bank Jun 30, 2022

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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 MIGA, This Early Disclosure covers a proposed investment by commercial lenders yet to be identified (the Guarantee Holders) for their non-shareholder loan to the Indian state-owned enterprise Dedicated Freight Corridor Corporation of India Limited (DFCCIL) to finance design and construction to help complete the Sahnewal[Ludhiana]-Khurja section and Bhaupur[Kanpur]-Deen DayalUpdadhyay[Mughalsarai]section of the Eastern Dedicated Freight Corridor, and the last mile connectivity of freight corridor to multimodal logistics terminals (the Project). The World Bank's fourth loan (the "Rail Logistics Project", WB Project ID P177856) to DFCCIL is being proposed in concomitant with the MIGA-covered loan.

Disclaimer: Through this Early Disclosure, MIGA provides access, early in the environmental and social assessment process, to the Environmental and Social Impact Assessment (ESIA) and associated environmental and social management documents. These documents have been prepared by the DFCCIL and should not be taken as an indication that MIGA has completed its review of the potential investment. The purpose of this Early Disclosure is to enhance the transparency of MIGA's activities with reference to those projects or investments that are categorized as Category A under MIGA's Policy on Environmental and Social Sustainability (2013). This document should not be construed as presuming the outcome of the decision by MIGA's Board of Directors. In addition, prior to any consideration of the investment by MIGA's Board of Directors, the Summary of Proposed Guarantee (SPG) and the Environmental and Social Review Summary (ESRS) would be disclosed at least 60 days in advance. The following Early Disclosure is disclosed in accordance with MIGA's Access to Information Policy (2013).

The Project is Category A under MIGA's Policy onEnvironmental and Social Sustainability (2013).

 

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

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.

No contact information provided at the time of disclosure.

ACCESS TO INFORMATION

You can submit a request for information disclosure at: https://www.miga.org/contact/access_to_information

You can also request general information about MIGA and for information on guarantees by emailing: migainquiry@worldbank.org

ACCOUNTABILITY MECHANISM OF IFC/MIGA

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org

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