Mumbai Metro Rail Project (India) (NDB-mumbaimetrorailprojec)

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
Nov 16, 2018
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)
$ 260.00 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)
$ 2,500.00 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 Jan 17, 2019


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Project Description

According to the bank website, the objective of the project is, through financing the construction of three metro lines in Mumbai with the total length aggregate about 58 km, to address the current transport challenges and to enhance the city’s public transportation capacity. The Project includes construction of (i) Line 2A from Dahisar East to DN Nagar; (ii) Line 2B from DN Nagar to Mandale; (iii) Line 7 from Andheri East to Dahisar East. The Project will supplement the existing suburban railway network, which is currently operating beyond its maximum capacity. The Project will also provide rail-based mass transit facility to areas that are not currently connected by the existing transport network.

Investment Description
  • New Development Bank (NDB)

Co-financing:
Other Banks US$ 926 million
Mumbai Metropolitan Region Development Authority US$ 1,314 million

Contact Information

No information available at the time of writing.