Original disclosure @ ADB website
Updated in EWS Jun 25, 2020
Disclosed by Bank Jun 19, 2020
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According to the bank's website, "...The investment project will develop Lines 3 and 4, connecting the central area of Chennai to key points in the south and west of the city. The Chennai Metro Rail Ltd. (CMRL), mandated to implement the Chennai Metro, has requested financial assistance from ADB for the development of the elevated section from Sholinganallur to SIPCOT (10.13 km) of line 3, and the underground section between Lighthouse and Meenakshi College (10.0 km) of line 4. Through an attached technical assistance, the project will strengthen CMRL's capacity in non-farebox revenue generation, transit-oriented development, and first- and last-mile connectivity enhancement.
The project will be delivered by a program of investments under a time-sliced multitranche financing facility. The project will be completely prepared and all substantial contracts would be procured under Tranche 1. Tranches 2 and 3 will gradually finance these contracts as they progress, and the periodic financing requests will be issued based on disbursement projections. Some minor contracts related to establishment of the stabling depot, staff quarters, electrical and mechanical components, and other system packages will also be procured subsequently in Tranche 2."
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
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Responsible ADB Officer Heriawan, Andri
Responsible ADB Department South Asia Department
Responsible ADB Division Transport and Communications Division, SARD
Chennai Metro Rail Limited
Admin Building, CMRL Depot, Poonamallee
High Road, Koyambedu, Chennai-600107, Tamil
Nadu, India Department of Planning, Development and Special Initiatives, Government of Tamil Nadu
Chennai 600009 Ministry of Housing and Urban Affairs
Nirman Bhawan, Maulana Azad Road
New Delhi 110 011 India
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