Rajasthan State Highways Development Program II (WB-P157141)

Countries
  • India
Where the impacts of the investment may be experienced.
Specific Location
Rajasthan State
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
  • World Bank (WB)
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
B
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 18, 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)
$ 250.00 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)
$ 421.02 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 @ WB website

Updated in EWS Jan 17, 2019

Disclosed by Bank Nov 10, 2017


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Project Description

According to the bank website, "in order to provide incentives for achieving results, especially with regard to the modernization of highway management, the lending instrument will be Investment Project Financing (IPF) with disbursement-linked indicators (DLIs). The totality of the US$250 million loan will be disbursed based on achievement of results linkedto the DLIs (in addition to Statements of Expenditures)."

Investment Description
  • World Bank (WB)

Co-financing:

Borrower US$ 137.31 million
Unguaranteed Commercial Financing US$ 44.97 million

Contact Information

World Bank

Mesfin Wodajo Jijo, Sr Transport. Specialist

Justin Runji, Sr Transport. Specialist

Reenu Aneja, Transport Specialist

Borrower/Client/Recipient

Department of Economic Affairs, Ministry of Finance, Govt. of India

Ms. Bandana Preyashi, Director (WB)

bandana.preyashi@gov.in

Implementing Agencies
-
The State of Rajasthan
Mr. Rakesh Gupta
Additional Chief Engineer (PPP) & Project Director
aceppp.pwd@rajasthan.gov.in

-Mr. Alok, Principal Secretary - PWD
ps.pwd-rj@nic.in

-Mr. C.L. Verma, Chief Engineer and Addl Secretary, PWD
seroad@rediffmail.com

ACCOUNTABILITY MECHANISM OF WORLD BANK

The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx .