Mumbai Metro Rail II (Line 6) Project (NDB-mumbaimetrorailiiline)

Countries
  • India
Where the impacts of the investment may be experienced.
Specific Location
Mumbai
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
  • 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
Sep 29, 2020
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
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)
$ 241.00 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)
$ 750.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ NDB website

Updated in EWS Oct 14, 2020


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Project Description

According to the bank's website, "The Project comprises financing of equipment and system components for implementing the proposed metro Line 6 in Mumbai, with rail infrastructure of about 14 km and 13 stations. Line 6 will provide the much needed rail-based connectivity between the western and eastern suburbs, and will contribute to an integrated public transport network in Mumbai."

Investment Description
  • New Development Bank (NDB)

Co-financing:
Government of the State of Maharashtra US$ 509 million

Contact Information

NDB
Project Team Leader:
Jitesh Ketkar
ketkar.jitesh@ndb.int

Borrower
Ministry of Finance of the Government of India:
Prasanna V. Salian
pv.salian@nic.in

Implementation Agency
Mumbai Metropolitan Region Development Authority:
Bharat Modgil
srds@mailmmrda.maharashtra.gov.in

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