Bangalore Cluster City Development Investment Program (ADB-45216-002)

Countries
  • India
Where the impacts of the investment may be experienced.
Specific Location
Bangalore
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 Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Sectors
  • Infrastructure
  • Transport
  • 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, etc.
Investment Amount (USD)
$ 300.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Aug 11, 2017

Disclosed by Bank Sep 21, 2016


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Project Description
DESCRIPTION The Bangalore Cluster City Development Investment Program (the Program) aims to increase the city's competitiveness, in a way that also promotes inclusive and environmentally sustainable growth. The program will provide physical and non-physical investment in selected clusters to: (i) improve regional and metropolitan planning, (ii) upgrade key economic and social infrastructure, and (iii) enhance urban governance (including service delivery) to create a better business and investment climate. The Program proposes to achieve the above objectives by: (i) ensuring that multi-stakeholder demand-based (cluster) infrastructure development is preceded by metropolitan economic and sector planning, (ii) promoting sectoral coordination and convergence, and (iii) establishing a strong partnership between public and private sectors. PROJECT RATIONALE AND LINKAGE TO COUNTRY/REGIONAL STRATEGY The Program will seek to use a number of innovative financing, capacity development, and reform instruments. The Bangalore Metropolitan Region has been selected for support under the program based on (i) its potential to achieve enhanced growth, productivity and employment; (ii) prevalent enabling environment for accelerated industrialization; (iii) the State's reform willingness and exemplary initiatives; and (iv) opportunity for development and testing of new urban development models and potential for replicability in Karnataka and India. The investment program will be supported through a multitranche financing facility (MFF). The MFF is particularly well suited for this investment as it is the most effective modality to (i) maximize and measure project results in individual localized geographical areas; (ii) enable feedback, learning and incorporation of lessons in subsequent tranches; and (iii) blend capacity development and infrastructure provision. The MFF will enable the client to (i) programmatically implement a structured roadmap that takes into consideration the city's economic, social, and environmental needs; and (ii) blend instruments that optimize private and public interventions and leverage multi-stakeholder finance. IMPACT Inclusive and environmentally sustainable economic growth in Bangalore Metropolitan Region. OUTCOME Improved and sustained productivity and competitiveness in selected BMR clusters. CONSULTING SERVICES Firm and individual consultants will be recruited in accordance with ADB's Guidelines on the Use of Consultants (2010, as amended from time to time). Consulting firms will be recruited using Quality and Cost-Based Selection (QCBS) method with a quality:cost ratio of 80:20. Advance contracitng and retroactive financing will be considered. PROCUREMENT All procurement to be financed under the project will be carried out in accordance with ADB's Procurement Guidelines (2010, as amended from time to time). Advance contracting and retroactive financing will be considered.
Investment Description
  • Asian Development Bank (ADB)
MFF Facility Concept: Bangalore Cluster City Development Project Ordinary capital resources US$ 300.00 million
Contact Information
ACCOUNTABILITY MECHANISM OF ADB The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main CONTACTS Responsible ADB Officer Matsunaga, Akira Responsible ADB Department South Asia Department Responsible ADB Division Urban Development and Water Division, SARD Executing Agencies Karnataka Urban Infrast. Dev. and Finance Corp. Silver Jubilee Block 2nd Cross, Mission Road, Bangalore-27 INDIA