UTTARAKHAND WATER AND SANITATION (EIB-20230238)

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
  • Asian Development Bank (ADB)
  • European Investment Bank (EIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
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."
Voting Date
Oct 9, 2024
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
UTTARAKHAND URBAN SECTOR DEVELOPMENT AGENCY
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Water and Sanitation
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)
$ 200.00 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)
$ 200.00 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)
$ 466.00 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 @ EIB website

Updated in EWS Dec 16, 2024

Disclosed by Bank Oct 16, 2024


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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.

Through this loan EIB will finance investments to improve water supply and sanitation services in six cities of the Indian State of Uttarakhand. The loan will support the construction of new infrastructure, such as new treatment plants, the expansion of the water supply network and wastewater collection system to unconnected customers as well as the rehabilitation and upgrade of the existing water supply systems by reducing water losses and energy consumption.

The project intends to bring environmental benefits by pollution abatement in water bodies and mitigate climate change through the reduction in emissions due to centralised wastewater treatment as well as reduction in water leakage and improving energy efficiency. The aim is to achieve almost full, efficient and quality service coverage by 2030, as per Government of Uttarakhand Vision 2030.

The project is co-financed in parallel with the Asian Development Bank (ADB), which has been actively involved in financing similar schemes for the past ten years. The EIB will exclusively finance water supply and sanitation schemes under this operation.

At the time of the appraisal, none of the suggested schemes under this operation falls under the EIA Notification Act 2006, and therefore an EIA report is not required for the suggested scheme

The Promoter of this operation is the Government of Uttarakhand (GoU) through its Uttarakhand Urban Sector Development Agency (UUSDA). The Uttarakhand Urban Sector Development Agency (UUSDA) is the Impementation Agency(IA) for all subproject components of the Externally Aided Projects and State funded projects under Urban Development Department (UDD), Government of Uttarakhand (GoU), and it is responsible for the overall management in the state. In their policy of balanced regional socio-economic development and poverty reduction through improvements in urban governance, management and infrastructure and service provision throughout the urban sector in Uttarakhand.

 

 

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

Contact Information
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No contact information provided at the time of disclosure.

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.eib.org/en/infocentre/registers/request-form/request-form-default.htm

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