Bengaluru Metro Rail Project (ADB-53326-001)

Countries
  • India
Where the impacts of the investment may be experienced.
Specific Location
Bengaluru
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
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.
Borrower
Government of India
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)
Fund, Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 502.00 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)
$ 500.00 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 9, 2019


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Project Description

According to the bank website, "Extension of metro rail network to alleviate congestion in the city center and along arterial roads, and to promote use of public transport in the city. The output of the project will be new metro lines of 56.2 km constructed. The project will finance two new metro lines as phase 2A and 2B of the Bangalore Metro. Phase 2A will improve connectivity among different metro lines and with railways at two junction stations along the Outer Ring Roads while Phase 2B will connect the city center with the airport. With the proposed lines, network coverage and density of Bangalore Metro will be heightened, and the metro will offer more convenient services to users. Multimodal facilities will also be developed at metro stations, including car and motor pool, bus bay and taxi pool as well as pedestrian bridges, will enable smooth transit with other transport modes, minimize traffic blockage by buses, and provide better last mile connectivity."

Investment Description
  • Asian Development Bank (ADB)
Contact Information

Responsible ADB Officer Kasahara, Kaoru
Responsible ADB Department South Asia Department
Responsible ADB Division Transport and Communications Division, SARD
Executing Agencies 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