Quick Facts

Countries:
Where the impacts of the investment may be experienced.
  • India
Location: India, countrywide
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.
Banks:
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • Asian Infrastructure Investment Bank (AIIB)
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.
Board Decision Date: 2017-06-15
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.
Sectors:
The service or industry focus of the investment. A project can have several sectors.
  • Infrastructure
Investment Amount (USD): $ 150.00 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): $ 750.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.

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Primary Source

Original disclosure @ AIIB website
Updated in EWS: 2017-11-09
Disclosure Date: 2017-06-19
India: India Infrastructure Fund
AIIB-000022

Project Description
According to the AIIB documents: "The Fund’s investment strategy is to invest in infrastructure platforms and infrastructure services companies with high growth potential that derive their revenues principally from India. The targeted investments cover a number of sectors, including the following examples and related sectors: -Energy and utilities (e.g. renewable energy, electric transmission and distribution networks, water and wastewater systems, smart cities, etc.); -Transportation and logistics (e.g. roads, airports, bridges, tunnels, ports, railways, waterways, intermodal systems linking various transport modes, urban transport, logistics and logisticsrelated infrastructure, etc.); -Other sectors including telecommunications, broadband, urban PPP projects, healthcare and education." The expected implementation period is 2017 – 2028.
Investment Description
The Fund is seeking $750 USD million of capital commitments to make investments in the infrastructure sector in India. The AIIB investment is up to $150 USD million.
Contact Information
Asian Infrastructure Investment Bank (AIIB): Mr. Dong-Ik Lee Project Team Leader Phone: +86 10 8358 0125 Email: dongik.lee@aiib.org ACCOUNTABILITY MECHANISM OF AIIB In addition, the AIIB has a Bank Oversight Mechanism. According to AIIB's policies, "people who believe they have been or are likely to be adversely affected by a failure of the Bank to implement the ESP may also submit complaints to the Bank's oversight mechanism in accordance with the policies and procedures to be established by the Bank for such mechanism." However, at the time of writing, it is unclear what the exact scope and function of this Oversight Mechanism will be.
Bank Documents