India : Amaravati Inclusive and Sustainable Capital City Development Program (ADB-58395-001)

Regions
  • South Asia
Geographic location where the impacts of the investment may be experienced.
Countries
  • India
Geographic location where the impacts of the investment may be experienced.
Specific Location
Amaravati, Andhra Pradesh
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)
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
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."
Voting Date
Dec 11, 2024
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
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
  • Infrastructure
The service or industry focus of the investment. A project can have several sectors.
Potential Rights Impacts
  • Housing & Property
Only for projects receiving a detailed analysis, a broad category of human and environmental rights and frequently at-risk populations.
Investment Type(s)
Advisory Services, Grant, Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 788.80 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.
Loan Amount (USD)
$ 788.80 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.
Grant Amount (USD)
$ 1.50 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.
Project Cost (USD)
$ 1,800.00 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 Dec 18, 2024

Disclosed by Bank Nov 1, 2024

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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 ADB, this is an urgent attention-required project as it is a capital city and they aim to make it a replicable model city for the rest of the country and other developing member countries. The program aims to support the development of Amaravati as growth hub for the capital region to boost economic prospects and improve the living conditions of the state's residents. ADB claims investments are needed for developing trunk infrastructure, public buildings, and affordable housing, and to prepare land for returning to those who contributed to the Land Pooling Schemes (LPS). 

ADB, in partnership with the World Bank, will support bridging financial gaps for the timely delivery of the infrastructure assets and services. In addition, ADB and the World Bank will provide global expertise and technical support to help the Government of Andhra Pradesh establish the foundations for the capital city in diverse areas such as urban planning and regulations, municipal governance and finance, infrastructure design and delivery, climate resilience, gender and social inclusion, and cluster development and job creation.

The Technical Assistance (TA) grant will support the program implementation by (i) strengthening the institutional capacity of the implementing agencies and new entities like Amaravati city government, water utility, unified metropolitan transportation authority, etc. to promote inclusive, green, and economic planning, and sustainable urban services delivery; (ii) reviewing, strengthening, and updating the flood management plan considering the high vulnerability of Amaravati to the risks of floods aggravated by climate change impacts and supporting the GOAP in implementing and monitoring the revised flood management plan; (iii) conducting a climate risk assessment to inform the preparation and implementation of a city climate change action plan; (iv) mainstreaming sustainable, and gender-responsive approaches into the infrastructure development; (v) strengthening the capacity to apply digital technology solutions for urban planning, resources management, service delivery, and data-informed decisions; and (vi) strengthening institutional capacity and governance to attract private sector investments, including PPPs. The TA will also support city-to-city partnerships.

 

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Phase I of Amaravati development will be implemented over a period of 5 years (2024–2029) with an estimated investment of $3.64 billion.2 The proposed results-based lending (RBL) program is carved out of the government program costing $1.774 billion, of which the Asian Development Bank (ADB) financing is ¥121.972 billion ($788.80 million equivalent). The World Bank will provide an equal amount of loan denominated in yen in parallel financing (not ADB-administered).

The TA financing amount is $1.5 million, which will be financed on a grant basis by ADB’s Technical Assistance Special Fund (TASF-other sources).


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: Joshi, Sanjay Divakar

Responsible ADB Department: Sectors Group

Responsible ADB Division: Water and Urban Development Sector Office (SG-WUD)

Executing Agencies: Andhra Pradesh Capital Region Development Authority

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.adb.org/forms/request-information-form

ADB has a two-stage appeals process for requesters who believe that ADB has denied their request for information in violation of its Access to Information Policy. You can learn more about filing an appeal at: https://www.adb.org/site/disclosure/appeals

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