Integrated Urban Flood Management for the Chennai-Kosasthalaiyar Basin Project - Additional Financing (ADB-49107-012)

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.
Specific Location
Chennai, India
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
Approved
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."
Voting Date
Jun 3, 2022
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
Government of India
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Climate and Environment
  • Infrastructure
  • Water and Sanitation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 6.88 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.
Grant Amount (USD)
$ 6.88 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)
$ 9.49 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.
Bank Documents
Other Related Projects
Primary Source

Original disclosure @ ADB website

Updated in EWS Jul 24, 2022

Disclosed by Bank Jun 6, 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 ADB, the proposed investment is additional financing that will be used to expand the scope of (49107-009 - Integrated Urban Flood Management for the Chennai-Kosasthalaiyar Basin Project), particularly to help the Greater Chennai Corporation (GCC) enhance flood retention in the Kadapakkam Lake through ecosystem restoration. It will demonstrate nature-based solutions (NbS) for climate change adaptation through rejuvenation of the water body, promoting integrated flood risk management to strengthen disaster resilience, mitigate environmental degradation, and enhance biodiversity. The additional financing will also strengthen capacity in the GCC and other stakeholders and increase awareness of the advantages of NbS for urban flood risk management.

PROJECT RATIONALE AND LINKAGE TO COUNTRY/REGIONAL STRATEGY

Kadapakkam Lake is in a newly developing peri-urban part of the Chennai Kosasthalaiyar basin. Located near the Manali industrial hub in north Chennai, the lake is under worsening risk of water pollution, encroachment, and biodiversity loss. Recognizing the complex causes of urban flooding and the pressing need to strengthen climate and disaster resilience and environmental conservation, the additional financing will provide adaptive NbS to maximize environmental services over time and provide long-lasting benefits.

 

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

Grant will be provided by the Global Environment Facility (https://www.thegef.org/)


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.
Responsible ADB Officer Matsunaga, Akira
Responsible ADB Department South Asia Department
Responsible ADB Division Urban Development and Water Division, SARD
Executing Agencies
Municipal Administration and Water Supply Dep't
Government of Tamil Nadu Fort St. George Chennai -600-009

ACCESS TO INFORMATION

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ADB has a two-stage appeals process for requesters who believe that ADB has denied their request for information in violation of its Access to Information Policy. You can learn more about filing an appeal at: https://www.adb.org/site/disclosure/appeals

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.

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How it works