Tamil Nadu Housing and Habitat Development (WB-P168590)

Countries
  • India
Where the impacts of the investment may be experienced.
Specific Location
Tamil Nadu
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
Approved
Bank Risk Rating
FI
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
May 18, 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
Housing and Urban Development Department, Government of Tamil Nadu
The holder of the loan, grant, or other investment.
Sectors
  • Infrastructure
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)
$ 50.00 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)
$ 72.00 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 @ WB website

Updated in EWS Jul 23, 2020


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

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

Investment Description
  • World Bank (WB)

Co-financing:
Counterpart funding US$ 22 million

Contact Information

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 .