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According to the Bank’s website, the project will co-finance the construction of a new suburban railway network with 58 stations covering 4 dedicated rail corridors in Bangalore, spanning approximately for 149 km in total length.
The aim is to contribute to the sustainable development of the Bangalore metropolitan region through low carbon and climate resilient urban infrastructure and improved access. The new suburban railway network will also improve the business environment for private sector development and facilitate access to amenities and jobs.
The project is in line with the EU Country Strategy Paper for India which highlights the infrastructure gap and need to address rising greenhouse gas emissions.
It supports two main objectives of EIB External Mandate: (i) climate change mitigation, by promoting modal shift from road to rail while reducing greenhouse gas emissions, and (ii) social and economic infrastructure development, by contributing to urban development.
According to the EIA, the main residual negative environmental impacts of the project include: (i) permanent conversion of open lands to depots and suburban railway corridors and stations; (ii) felling/transplantation of 32.572 trees; (iii) use of finite, scarce, sometimes carbon intensive, materials, such as cement; and (iv) noise, vibration, and visual intrusion for properties adjacent to the alignment, during project operation. Other negative impacts are temporary and localised; most notably, traffic diversions and access restrictions, construction related noise, vibration, air pollution, dust, debris and solid or water waste.
According to Lenders Environmental and Social Policies, the proposed metro rail project in Bengaluru is categorized as High Risk- project. The Project E&S management must therefore comply with both national legislation as well as EIB/ KfW (WB) ESSs. It includes projects in sensitive sectors or with sensitive characteristics and projects located in or near sensitive areas. The proposed project is considered to have significant impacts on sensitive areas, which requires detailed impact assessment of social settings of the project area and social management document, i.e., an SIA and an RPF. A Stakeholder Engagement Plan is required throughout the project life and consultation for high risk projects. The proposed BSRP project is likely to have significant impact on involuntary resettlement hence this sub project comes under “High Risks category” on social impacts and risks The proposed BSRP project is likely to have significant impact on involuntary resettlement hence this sub project comes under “High Risks category” on social impacts and risks.
Rail Infrastructure Development Company (Karnataka) Limited - K-RIDE is a Joint venture of Government of Karnataka and the Ministry of Railways, headquartered in Bangalore.
Private Actor 1 | Private Actor 1 Role | Private Actor 1 Sector | Relation | Private Actor 2 | Private Actor 2 Role | Private Actor 2 Sector |
---|---|---|---|---|---|---|
- | - | - | - | Rail Infrastructure Development Company (Karnataka) Limited | Client | - |
K-RIDE
# 8, 1st Floor, Samparka Soudha
Dr. Rajkumar Road, opposite Orion Mall, Rajajinagar, 1st Block
Bengaluru – 560010
Karnataka, INDIA
ACCESS TO INFORMATION
You can submit an information request for project information at: https://www.eib.org/en/infocentre/registers/request-form/request-form-default.htm
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