India: Delhi-Meerut Regional Rapid Transit System (AIIB-000352)

Countries
  • India
Geographic location where the impacts of the investment may be experienced.
Specific Location
Modipuram, Sarai Kale Khan
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 Infrastructure Investment Bank (AIIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
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."
Voting Date
Oct 1, 2020
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
  • 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)
$ 500.00 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.
Project Cost (USD)
$ 3,949.70 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 @ AIIB website

Updated in EWS Jun 22, 2023

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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 bank documents, "The proposed Project will connect Modipuram in Meerut to Sarai Kale Khan in Delhi through constructing an 82-km rail-based rapid transit system, with a design speed of 180 km per hour (km/ h) and an average speed of 100 km/h.

The Project components to be jointly cofinanced with Asian Development Bank (ADB) and Japan Fund for Poverty Reduction (JFPR) are:

Component A: Civil works (underground tunneling and stations, elevated viaduct and stations, and two depots)

Component B: Signaling and Telecommunication, Electrical works, and Traction

Other Project components to be financed by the Government of India, Government of Uttar Pradesh, and Government of Delhi (Governments) are detailed design consultants, General Consultant, and two elevated civil works packages. Further, rolling stock is also proposed to be financed by the Governments."

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

Co-financing:
ADB US$ 1,549 million
apan Fund for Poverty Reduction US$ 3 million
Governments US$ 1,897.7 million

 


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.

AIIB
Soon Sik Lee
Project Team Leader and Principal Investment Operations Specialist (Transport)
Asian Infrastructure Investment Bank
soonsik.lee@aiib.org

ADB
Sharad Saxena
Mission Leader and Principal Transport Specialist
Asian Development Bank
ssaxena@adb.org

Borrower
Prasanna V. Salian
Deputy Secretary,
Department of Economic Affairs, Ministry of Finance
Republic of India
pv.salian@nic.in

Implementing Agency
Rajiv Dutt
Senior Advisor
National Capital Region Transport Corporation (NCRTC)

rajiv.datt@ncrtc.in


ACCOUNTABILITY MECHANISM OF AIIB

The AIIB has established the Accountability Mechanism for Project-Affected People (PPM).  The PPM provides “an opportunity for an independent and impartial review of submissions from Project-affected people who believe they have been or are likely to be adversely affected by AIIB’s failure to implement the ESP in situations when their concerns cannot be addressed satisfactorily through Project level GRMs or AIIB Management processes.” Two or more project-affected people can file a complaint.  Under the current AIIB policy, when the bank co-finances a project with another development bank, it may apply the other bank's standards. You can refer to the Project Summary Information document to find out which standards apply.  You can learn more about the PPM and how to file a complaint at: https://www.aiib.org/en/about-aiib/who-we-are/project-affected-peoples-mechanism/how-we-assist-you/index.html.

The complaint submission form can be accessed in Arabic, Bahasa Indonesia, Bengali, Chinese, English, Tagalog, Hindi, Nepali, Russian, Turkish, or Urdu. The submission form can be found at: https://www.aiib.org/en/about-aiib/who-we-are/project-affected-peoples-mechanism/submission/index.html.




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How it works