Indore Metro Rail Project (NDB-indoremetrorailprojec)

Countries
  • India
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
Bank Risk Rating
A
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Dec 2, 2019
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Government of India
The holder of the loan, grant, or other investment.
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, etc.
Investment Amount (USD)
$ 225.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 1,200.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Bank Documents
Primary Source

Original disclosure @ NDB website

Updated in EWS Jan 28, 2020


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Project Description

According to the bank website, "Indore Metro Rail Project is proposed to address the above challenges through constructing a metro line (Yellow line) of about 31 km in Indore. The proposed metro rail alignment is a ring line planned from Gandhi Nagar - Bhawarsala- Radisson Square - Bengali Square - Indore Railway Station - Rajwada Palace to Airport. The annual traffic for the Project upon completion is estimated to be about 126 million passenger trips."

Investment Description
  • New Development Bank (NDB)

Co-financing:
Other Banks US$ 250 million
Counterpart Funds US$ 725 million

Contact Information

No contact information provided at the time of disclosure.