India: Cofinancing

Cofinancing operations enable ADB’s financing partners, governments or their agencies, multilateral financing institutions, and commercial organizations, to participate in financing ADB projects. The additional funds are provided in the form of official loans and grants, other concessional financing, and commercial financing such as B loans, risk transfer arrangements, parallel loans and equity, guarantee cofinancing, and cofinancing for transactions under ADB’s Trade Finance Program.

By the end of 2014, cumulative direct value-added (DVA) official cofinancing for India amounted to $1.46 billion for 21 investment projects, and $102.6 million for 109 technical assistance projects. Cumulative DVA commercial cofinancing for India amounted to $902.08 million for 10 investment projects.

In 2014, India received $253.0 million loan cofinancing from the European Investment Bank, and $3.8 million grant cofinancing from the Sanitation Financing Partnership Trust Fund under the Water Financing Partnership Facility, and the Urban Environmental Infrastructure Fund under the Urban Financing Partnership Facility.

India: Projects Cofinanced, 1 January 2010-31 December 2014

Cofinancing No. of Projects Amount
($ million)
Projectsa 15 1,165.37
 Grants 5 12.30
 Official loans 3 541.00
 Commercial cofinancing 7 612.07
Technical Assistance Grants 46 42.00

a A project with more than one source of cofinancing is counted once.

Investment Projects Cofinanced for India, 1 January 2010-31 December 2014

Project ADB
($ million)
($ million)
Type of
Clean Energy Finance Investment Program – Tranche 1 200.00 253.00 O
Himachal Pradesh Clean Energy Development Investment Program - Tranche 4 315.00 200.00 O
Improving Small Farmers' Access to Market in Bihar and Maharashtra  – 3.00 G
Karnataka Integrated Urban Water Management Investment Program – Tranche 1 75.00 1.80 G
Livelihood Improvement for River Erosion Victims in Assam   – 2.50 G
Rajasthan Renewable Energy Transmission Investment Program - Tranche 1 62.00 88.00 O
Rajasthan Urban Sector Development Program 500.00 2.00 G
Supporting Microentrepreneurship for Women's Empowerment 3.00 G
Dahanu Solar Power Private Limited 48.00 65.00 C
SME Trade Finance Facility 100.00 47.50 C
National Grid Improvement Project 750.00 140.75 C
Microfinance Risk Participation Program 190.00 100.00 C
Rural Education Project 2.00 0.75 C
Renew Power Investment 50.00 20.00 C
Solar and Wind Power Development Project 50.00 238.07 C

- = nil.
a Loan, grant or blend.
b C = commercial cofinancing, G = grant cofinancing, O = official cofinancing.