Original disclosure @ WB website
Updated in EWS Oct 26, 2023
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According to the bank documents, the project's objective is "To strengthen the housing sector institutions of Tamil Nadu for increased and sustainable access to affordable housing." The project has two components:
Component 1. Enabling private sector participation in affordable urban housing provision
Component 2. Strengthening of Tamil Nadu’s urban housing institutions for enhanced sustainability
Subcomponent 2.1: technical support to diversify and improve housing programs and planning solutions will provide technical assistance to Tamil Nadu Slum Clearance Board (TNSCB); technical assistance support to Chennai Metropolitan Development Authority (CMDA) will focus on strengthening its analytical and coordination capacities for the preparation of the new Master Plan for Chennai.
Sub-component 2.2: technical assistance support for innovations in affordable housing finance will provide technical assistance to Tamil Nadu Infrastructure Fund Management Corporation (TNIFMC), by supporting tools and innovations towards leveraging external capital in affordable housing and providing capacity building support to pilot the implementation of these tools
Co-financing:
Counterpart funding US$ 22 million
Private Actor 1 | Private Actor 1 Role | Private Actor 1 Sector | Relation | Private Actor 2 | Private Actor 2 Role | Private Actor 2 Sector |
---|---|---|---|---|---|---|
- | - | - | - | Tamil Nadu Infrastructure Fund Management Corporation Limited | Client | - |
World Bank
Abhijit Sankar Ray, Senior Urban Development Specialist
Angelica Nunez del Campo, Senior Operations Officer
Yoonhee Kim, Sr Urban Economist
Borrower/Client/Recipient
Housing and Urban Development Department, Government of Tamil Nadu
Rajesh Lakhani, Principal Secretary
hud@tn.gov.in
Implementing Agencies
Tamil Nadu Slum Clearence Board (TNSCB)
D. Karthikeyan, Managing Director
mdtnscb@gmail.com
Tamil Nadu Infrastructure Fund Management Corporation Limited
Srinivasan KCEOsrini@tnifmc.com
Chennai Metropolitan Development Authority (CMDA)
D. Kartikeyan, Member Secretary
ceocmda@tn.gov.in
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 .