Original disclosure @ DFC website
Updated in EWS Mar 16, 2024
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According to the Bank’s website, the proposed Project involves the construction and operation of the greenfield Bhogapuram International Airport (BIA). BIA will be a state-of-the-art airport with modular facilities for both domestic and international passengers and cargo capacity to accommodate the projected air traffic. The Airport will be designed to adopt an airfield layout to accommodate code E aircraft (B777 Series/B787 Series/A330 Family) with occasional Code F aircraft (BOEING 747-8/AIRBUS A-380-800). The airside facilities will include passenger and cargo terminal buildings, runway systems, aprons, taxiways, airfield lighting systems, air traffic control towers, Navigational Aid Systems (NAVAIDs), utilities and infrastructure including approach road, car parking, power supply system, stormwater drainage system, and sewage treatment plant. BIA is part of a planned development of the area, which is expected to include city side developments such as hotels, hospital and office buildings as well as residential development.
The Bhogapuram International Airport (BIA) will be a state-of-the-art airport with modular facilities for both domestic and international passengers and cargo capacity to accommodate the projected air traffic. The Airport will be designed to adopt an airfield layout to accommodate code E aircraft2 with occasional Code F aircraft3. The overall layout is segregated into three distinct zones:
• Air side development
• City side development
• City side development for residential development
The Project has been reviewed against DFC’s categorical prohibitions and determined to be categorically eligible. The Project is screened as Category A because the Project involves the construction a greenfield international airport which could have significant environmental and social impacts that are diverse and irreversible. The major environmental and social concerns related to the Project include noise impacts, impacts on air quality during the construction phase, large volumes of solid waste and sanitary wastewater that must be properly managed, and occupational health and safety concerns. The land acquisition negatively impacted some landowners and livelihoods, but the Project is expected to generate significant employment opportunities during the construction and operating phases.
Investment type and amount not available at the time of disclosure.
National Investment and Infrastructure Fund Limited is an Government owned company which maintains infrastructure investments funds for international and Indian investors anchored by the Government of India.
Private Actor 1 | Private Actor 1 Role | Private Actor 1 Sector | Relation | Private Actor 2 | Private Actor 2 Role | Private Actor 2 Sector |
---|---|---|---|---|---|---|
- | - | - | - | National Investment and Infrastructure Fund Limited | Client | - |
National Investment and Infrastructure Fund (NIIF)
3rd Floor, Hindustan Times House,
18-20, Kasturba Gandhi Marg,
New Delhi – 110 001
ACCESS TO INFORMATION
Unlike many other development finance institutions, DFC does not currently have an access to information policy.
Under the United States Freedom of Information Act (FOIA), DFC is obliged to respond to reasonably formulated requests for Agency records. However, DFC may apply exemptions from release to certain types of information and may charge fees in responding to requests. DFC has a designated FOIA officer who is trained in how to respond to requests and implement the law. You can learn more about filing a FOIA request at: https://www.dfc.gov/foia
ACCOUNTABILITY MECHANISM OF THE UNITED STATES INTERNATIONAL DEVELOPMENT FINANCE CORPORATION (DFC)
The Office of Accountability is an independent office that addresses complaints about environmental or social issues related to DFC-supported projects. The office provides communities an opportunity to have concerns independently reviewed and addressed. If you submit a complaint to the Office of Accountability, it may assist you by either seeking to address your problems by facilitating a problem solving dialogue between you and those implementing the project and/or investigating whether the DFC complied with its policies to prevent environmental, social, human rights, and labor harms.
You can find more information about the Office of Accountability at: https://www.dfc.gov/who-we-are/office-accountability