Tamil Nadu Industrial Connectivity Project (ADB-51337-001)

Countries
  • India
Where the impacts of the investment may be experienced.
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
Bank Risk Rating
A
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.
Voting Date
Mar 25, 2019
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
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.
Loan Amount (USD)
$ 484.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Investment Amount (USD)
Not Disclosed
When disclosed, the bank did not provide this value. Please review updated project documents for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Jan 3, 2018

Disclosed by Bank Dec 8, 2017


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Project Description
The project will rehabilitate and upgrade about 640 kilometers (km) of state roads on the core road network (CRN) in Tamil Nadu to improve road transport connectivity with economic and industrial centers in the state. It will involve upgrading state roads to standard two-lane or four-lane width with paved shoulders, depending on traffic requirements. Bridges and culverts will be widened, strengthened road safety features will be included, and the improved road assets will be maintained for five years after construction. The vision of the Highways Department, Government of Tamil Nadu, as stated in its Policy Note (2016-2017), is to _increase the capacity, connectivity, efficiency and safety of the highways system._ Per the state''s policy, all state highways will be widened to double-lane and all major district roads will be widened to intermediate lane. Into the future, as traffic continues to increase, there will be need to infuse greater funding into the transport sector, including the road sector. Along with industrial connectivity, higher population and vehicular densities need road capacity improvement, which is primarily sought to be addressed in this project. The project is consistent with the strategic objective set out in the Country Partnership Strategy on expansion of infrastructure networks for transport along economic corridors, and focus on improved road connectivity at the state, district, and rural levels to improve access to services and enhance productivity and incomes. This would be ADB's first road sector project in the state, and will open opportunities for further engagement in the future, both in terms of financing and institutional and capacity aspects.
Investment Description
  • Asian Development Bank (ADB)
Contact Information
PROJECT CONTACTS Responsible ADB Officer: Peri, Ravi Venkat Responsible ADB Department: South Asia Department Responsible ADB Division: Transport and Communications Division, SARD Executing Agencies Highways Department-Tamil Nadu Sardar Patel Road Madras - 600 025 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