Chennai Metro Rail Investment Project (ADB-52234-001)

Countries
  • India
Geographic location where the impacts of the investment may be experienced.
Specific Location
Chennai
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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
A
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."
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
  • 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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 780.00 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 Jun 25, 2020

Disclosed by Bank Jun 19, 2020

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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 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."

Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Chennai Metro Rail Limited Client -

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 Heriawan, Andri
Responsible ADB Department South Asia Department
Responsible ADB Division Transport and Communications Division, SARD
Executing Agencies
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

How it works

How it works