Maharashtra Rural Connectivity Improvement Project - Additional Financing (ADB-52328-002)

Countries
  • India
Where the impacts of the investment may be experienced.
Specific Location
Maharashtra
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
Government of India
The holder of the loan, grant, or other investment.
Sectors
  • Agriculture and Forestry
  • 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)
$ 300.00 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 Mar 6, 2020

Disclosed by Bank Dec 18, 2019


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Project Description

According to the bank website, "..The Government of India requested to advance the loan to 2020 and increase the amount to $300 million during the tripartite portfolio review meeting and the ensuing reconnaissance mission in October 2019....The additional financing is proposed to scale up the road condition and safety improvement works of 3,300 km rural roads and urgently rehabilitate bridges to enhance flood resilience and climate adaptation in response to the severe August 2019 floods...."

Investment Description
  • Asian Development Bank (ADB)
Contact Information

Responsible ADB Officer Masahiro Nishimura
Responsible ADB Department South Asia Department
Responsible ADB Division Environment, Natural Resources & Agriculture Division, SARD
Executing Agencies Maharashtra Rural Road Development Association
5th Floor Baandhkaam Bhawan Marzbaan
Road Fort, Mumbai, 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