Assam Bridge-II (Palasbari) Project (NDB-assambridgeiipalasbar)

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.
Financial Institutions
  • New Development Bank (NDB)
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
U
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
Jul 18, 2022
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 Assam
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Infrastructure
  • 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)
$ 333.80 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)
$ 333.80 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.
Project Cost (USD)
$ 31.88 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
Primary Source

Original disclosure @ NDB website

Updated in EWS Sep 2, 2022

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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 IFC, the proposed project will construct a bridge and its alignments over the Brahmaputra river with a total length of about 12.2 km, providing connectivity to Palasbari and Sualkuchi towns of the Kamrup district, in the vicinity of Guwahati.The Project will provide direct connectivity between Palasbari and Sualkuchi towns in Kamrup district, providing diversion for regional and urban traffic to bypass the central business district area of Guwahati. It will also directly link the international airport to the industrial areas around Sualkuchi which are currently under development. The Project will contribute to improved mobility, connectivity and efficient transportation across the state capital region

PROJECT CONTEXT

The Assam state is split in two parts by the Brahmaputra river. Currently, there are only five bridges that are operational for crossing the river over a distance of 640 km in the entire state of Assam.Guwahati is the largest city in the State and the crossroad of regional and national highways connecting Assam and other north-eastern states with the rest of India. The growing demand on its infrastructure, in particular the lack of adequate connectivity across the Brahmaputra river, has resulted in bottlenecks in Guwahati and neighbouring cities of Kamrup and Kamrup Metropolitan districts of Assam.Currently, Guwahati has just one bridge in operations - Saraighat bridge. To augment the much-needed transport infrastructure, the Government of Assam (GoA) has planned construction of two bridges across the Brahmaputra river, one in Guwahati, connecting the areas of Pan Bazaar to North Guwahati, currently financed by NDB, and another one in the vicinity of Guwahati, connecting Palasbari to Sualkuchi towns, the proposed Project.

 

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

Contact Information
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No contact information was provided at the time of disclosure.

ACCESS TO INFORMATION

You can submit an information request for project information through a form at the bottom of the following webpage https://www.ndb.int/about-us/contact-us Alternatively, you can send an e-mail to info@ndb.int

ACCOUNTABILITY MECHANISM OF NEW DEVELOPMENT BANK

The New Development Bank (NDB) does not currently have an independent accountability mechanism to accept complaints related to NDB-financed projects. The Bank does have a whistleblower mechanism that receives complaints about misconduct related to corruption, fraudulent practices and instances of money laundering in projects financed by the NDB and/or against the NDB staff members. To learn more about the whistleblower mechanism and how to file a complaint, access this webpage at: https://www.ndb.int/about-us/whistleblowing

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