Mumbai Metro Rail Systems Project (ADB-49469-007)

Countries
  • India
Where the impacts of the investment may be experienced.
Specific Location
Mumbai
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
B
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.
Borrower
Mumbai Metropolitan Region Development Authority
The holder of the loan, grant, or other investment.
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, etc.
Investment Amount (USD)
$ 926.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 926.00 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 Jan 17, 2019

Disclosed by Bank Sep 19, 2018


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Project Description

According to the bank website, "the project will support the implementation of the Mumbai Metro Rail System through (i) the procurement of 378 energy efficient standard gauge rolling stock carriages; (ii) the design, supply, installation, testing and commissioning of a modern signaling and training control system, and platform access systems and automated platform doors for the 58 kilometers (km) section covering Lines 2A, 2B, and 7; and (iii) establishment of a metro rail operations organization. The project will contribute to an increase in the use of rail-based urban transit system in Mumbai city."

 

Investment Description
  • Asian Development Bank (ADB)
Private Actors
Contact Information

Responsible ADB Officer Saxena, Sharad
Responsible ADB Department South Asia Department
Responsible ADB Division Transport and Communications Division, SARD
Executing Agencies Mumbai Metropolitan Region Development Authority
Bandra-Kurla Complex, Bandra (E),
Mumbai - 400 051

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