Tamil Nadu Housing and Habitat Development (WB-P168590)

Regions
  • South Asia
Geographic location where the impacts of the investment may be experienced.
Countries
  • India
Geographic location 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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
FI
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
May 18, 2020
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Housing and Urban Development Department, Government of Tamil Nadu
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 50.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. 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, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Media Documents
Primary Source

Original disclosure @ WB website

Updated in EWS Oct 26, 2023

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed 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

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

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

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 -

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

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 .

How it works

How it works