The project is expected to increase network capacity in the region … By investing in sustainable infrastructure and other productive sectors in Asia and beyond, we will better connect people, services and markets that over time will impact the lives of billions and build a better future. Mumbai: Mumbai Railway Vikas Corporation and the Asian Infrastructure Investment Bank (AIIB) Monday signed a loan agreement for a $500 million Mumbai Urban Transport Project-III to improve the network capacity, service quality and safety of the suburban railway system in Mumbai. India: Mumbai Urban Transport Project 3A-1. TCS buyback: Is it aimed at infusing money into Tata Sons? The objective of the project is to improve the network capacity, service quality, and safety of Mumbai’s suburban railway system by upgrading the existing infrastructure. User experience is further compromised by low amenity of carriages, substandard stations and station access, and serious safety concerns. By investing in sustainable infrastructure and other productive sectors in Asia and beyond, we will better connect people, services and markets that over time will impact the lives of billions and build a better future. The ESMP will include mitigation measures for the noted impacts. 0.876 hectare of land will be acquired based on the preliminary land assessment. The Project comprises the provision of rolling stock and systems required for the MML5. Environment Aspects. The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank with a mission to improve social and economic outcomes in Asia. The potential impact of project activities on women in the community will be assessed in the ESIA. The GRM includes a procedure to receive and facilitate resolution of Project-affected peoples’ and workers’ concerns and grievances. Asian Infrastructure Investment Bank (AIIB), Tower A, Asia Financial Center, No.1 Tianchen East Road, Chaoyang District, Beijing 100101Tel: +86-10-8358-0000, © 2014-2020 AIIB. Communities and individuals who believe that they are adversely affected by the Project will be able to submit complaints to the Project-level GRM. The impacts on physical or economic displacement or loss of livelihood of any person/family due to the Project will be assessed in the RAP. Headquartered in Beijing, we began operations in January 2016 and have now grown to 103 approved members worldwide. The Project has been tentatively assigned as Category “A”, which will be further reviewed during the field-based due diligence phase. 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Home Projects Project Summary Project List Project Details India: Mumbai Metro Line 5 About AIIB The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank with a mission to improve social and economic outcomes in Asia. The Project will be co-financed with OPEC Fund for International Development (OFID) and OFID will follow AIIB’s ESP. Stakeholder Consultation and Information Disclosure. The $500 million loan from the AIIB has a 5-year grace period and a maturity of 30 years. The total estimated cost of the project is $997 million, of which $500 million will be financed by the AIIB, $310 million by the Government of Maharashtra and $187 million by Ministry of Railways. Component B: Improvement of 19 existing stations. CC BY-NC-ND 3.0 IGO. Social Aspects. This will be further strengthened during document finalization and Project implementation to reflect stakeholders’ comments. The Project has been screened and reviewed for concept with reference to Bank’s Environmental and Social Policy (ESP). Project List The due diligence will be undertaken based on a review of the relevant documents and a field-based audit. This population growth represents the core driver behind Mumbai’s urban expansion, compelling the state of Maharashtra to prioritize sound urban and infrastructure planning which balances economic activities, mobility as well as the optimization of environmental and social outcomes. The Project has been screened and reviewed for concept with reference to Bank’s Environmental and Social Policy (ESP). The Project is expected to generate environmental benefits in terms of reducing automotive exhaust emissions. Grievance Redress Mechanism (GRM). Around 86 per cent of Mumbai commuters rely on public transport. The draft English versions of ESIA and RAP and Marathi versions of the Executive Summaries of the ESIA and RAP will be posted on Mumbai Railway Vikas Corporation (MRVC)’s and the Bank’s websites and made available in hard copy in the Project area. The Mumbai suburban railway network, which carries three-quarters of all motorized travel (78 per cent of passenger-km or eight million passengers per day) increasing at three per cent annually, suffers from some of the most severe overcrowding in the world. Applicable Policy and Standards. The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank with a mission to improve social and economic outcomes in Asia. Categorization and Instruments. Category B was tentatively assigned on the expectation that the anticipated environmental and social (ES) risks and impacts are moderate, site specific and mitigable. Between 2002-2012, there were more than 36,152 fatalities (on average, 9.9 fatalities per day) and 36,688 injuries on the Mumbai suburban railway network. Project Summary CC BY-NC-ND 3.0 IGO. Project Grievance Redress Mechanism (GRM). Project List Project Details Home Projects Project Summary Project List Project Details India: Mumbai Urban Transport Project 3A-1 About AIIB The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank with a mission to improve social and economic outcomes in Asia. The draft English versions of ESIA and ESDDR, and Marathi version of the Executive Summaries of the ESIA and the ESDDR will be posted on the Bank’s and MMRDA’s websites prior to the Appraisal Review. The Environmental and Social Management Plan (ESMP) will provide mitigation measures including institutional arrangement, schedule and budget for the implementation and its monitoring. MMRDA will be required to prepare an environmental and social impact assessment (ESIA), including an environmental and social management plan (ESMP) for this Project. Major impacts of construction phase including air pollution, noise, and disposal of construction wastes will be assessed in the ESIA. Principal Investment Operations Specialist (Transport), Joint Director, Department of Economic Affairs, Ministry of Finance Government of India, Chairman and Managing Director Mumbai Railway Vikas Corporation Limited, Home Projects Applicability of ESS 3 (Indigenous Peoples) will be further assessed. The project is expected to increase network capacity in the region with the reduction in journey time and fatal accidents of commuters. Headquartered in Beijing, we began operations in January 2016 and have now grown to 103 approved members worldwide. The Bank’s Environmental and Social Standard (ESS) 1 (Environmental and Social Assess) will be applicable. Jing ICP Bei No.15033613, India: Mumbai Urban Transport Project 3A-1, Complaints-resolution, Evaluation and Integrity Unit, AIIB Project Preparation Special Fund Statements, Members and Prospective Members of the Bank, Strategy on Mobilizing Private Capital for Infrastructure, Strategy on Financing Operations in Non-Regional Members, General Conditions for Sovereign-backed Loans, Operational Policy on International Relations, Policy on the Project-affected People’s Mechanism, Rules and Regulations of the Project Preparation Special Fund, Sovereign-backed Loan and Guarantee Pricing, AIIB-Amundi Climate Change Investment Framework, Public Consultation: Second Phase of the Review of AIIB’s Environmental and Social Framework, COVID-19 Crisis Recovery Facility Toolkit, Decisions to Support the AIIB COVID-19 Crisis Recovery Facility, Paper on the Decisions to Support the AIIB COVID-19 Crisis Recovery Facility, COVID-19 ECONOMIC AND INFRASTRUCTURE INSIGHTS, Approved Project Preparation Special Fund Grants, General Procurement Notice (April 13, 2020), Project-affected People’s Mechanism (PPM). The Environmental and Social Impact Assessment (ESIA) and the Resettlement Action Plan (RAP) will be prepared as per the Terms of Reference reviewed by the Bank. Categorization and Instruments. Projects Asian Infrastructure Investment Bank (AIIB), Tower A, Asia Financial Center, No.1 Tianchen East Road, Chaoyang District, Beijing 100101Tel: +86-10-8358-0000, © 2014-2020 AIIB. The Category will be verified during appraisal. Mumbai, India (Urban Transport News):The Government of India, the Government of Maharashtra, Mumbai Railway Vikas Corporation and the Asian Infrastructure Investment Bank (AIIB) today signed a loan agreement for a US$500 million Mumbai Urban Transport Project-III to improve the network capacity, service quality and safety of the suburban railway system in Mumbai. Headquartered in Beijing, we began operations in January 2016 and have now grown to 103 approved members worldwide. Headquartered in Beijing, we began operations in January 2016 and have now grown to 103 approved members worldwide. The Project will comprise the provision of rolling stock and systems, including signaling, telecommunications, automatic fare collection, traction and power supply, and depot machinery and plant for a separate project under implementation by the Mumbai Metropolitan Region Development Authority (MMRDA) that covers the construction of a 24.7 km, 17-station, elevated Mumbai Metro Line 5 (MML5). Stakeholder Engagement, Consultation, and Information Disclosure. A key reason for accidents and deaths is trespassing at or between stations as well as overcrowding of both stations and train cars. Senior Private Sector Technical Specialist Asian Infrastructure Investment Bank, Senior Officer, Private Sector Operations The OPEC Fund for International Development, Deputy Secretary, Department of Economic Affairs, Ministry of Finance Government of Republic of India, Senior Director (Systems Integration), Metro PIU (Systems) Mumbai Metropolitan Region Development Authority, Home The project will assist in improved mobility, service quality and safety of passengers of the suburban railway system of Mumbai, by providing faster, more reliable and higher quality transport services compared to road-based transport. Potential social impacts and risks include minor land acquisition around the stations for the installation of staircases, lifts, and access to the elevated stations. The Project’s anticipated environmental impacts include noise and vibration from rolling stock operation, and health and safety measures during systems installation and operation. Hard copies of the ESIA and ESDDR will be made available at the Project site. Consultations will be held during the preparation ESIA and RAP. Since the MMRDA project for the construction of the elevated metro line constitutes an “associated facility” covered under the ESP, AIIB will conduct and document an ES due diligence of the MML5 construction (ES Due Diligence Report (ESDDR)). The GRM established for Mumbai Urban Transport Project 3, under implementation, will be applied to the Project.