Mumbai Urban Transport Project-3A-II (NDB-mumbaiurbantransportp)

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
Proposed
Bank Risk Rating
U
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.
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)
$ 500.00 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)
$ 2,599.00 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 Mar 5, 2020


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Project Description

According to the bank website, the proposed project aims "to address the challenge with Mumbai’s transport infrastructure with the objective to reduce congestion, improve mobility, enhance safety and comfort of travel, and improve quality of lives of the people living and working in Mumbai."

"The Project comprises: (i) procurement of rolling stock featuring 191 air-conditioned electric multiple unit rakes with each rake having 12 coaches; (ii) construction and upgrade of maintenance facilities for rolling stock for the suburban railway network of Mumbai Metropolitan Region; and (iii) institutional strengthening and capacity building component. The Project will augment and strengthen the suburban railway network of the Mumbai Metropolitan Region."

Investment Description
  • New Development Bank (NDB)
Contact Information

No contact information provided at the time of disclosure.