IFC will provide transaction advisory support to Inland Waterways Authority of India (IWAI) to assist in reviewing the viability and possible options for a public private partnership arrangement for the development, equipping and operation of the IWAI Garden Reach II terminal at Kolkata, by a competitively selected private sector developer.
The successful implementation of the project is expected to result in the mobilization of private sector investment in the inland water transport sector and reduce Green House Gas (GHG) emissions as a result of moving transport traffic from fossil fuel intensive road transport onto inland waterways.
ACCOUNTABILITY MECHANISM OF IFC
The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/