India: MFF - Second India Infrastructure Project Financing Facility (IIPFF-II) - PFR2

Sovereign Project | 41036-033 Status: Closed

Summary

ADB is helping India accelerate its rollout of infrastructure projects through public-private partnerships. The project will help state-owned India Infrastructure Finance Company Ltd. (IIFCL) support investments in a broad range of infrastructure projects by providing long-term financing on commercial terms with more than 20-year maturities, which are otherwise not available in the market.

Latest Project Documents


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Project Name MFF - Second India Infrastructure Project Financing Facility (IIPFF-II) - PFR2
Project Number 41036-033
Country India
Project Status Closed
Project Type / Modality of Assistance Loan
Source of Funding / Amount
Loan 2717-IND: MFF - Second India Infrastructure Project Financing Facility (IIPFF II)(Subproject 2)
Ordinary capital resources US$ 250.00 million
Strategic Agendas Inclusive economic growth
Drivers of Change Governance and capacity development
Private sector development
Sector / Subsector

Finance - Infrastructure finance and investment funds

Gender Equity and Mainstreaming
Description
Project Rationale and Linkage to Country/Regional Strategy
Impact

Project Outcome

Description of Outcome
Progress Toward Outcome
Implementation Progress
Description of Project Outputs
Status of Implementation Progress (Outputs, Activities, and Issues)
Geographical Location

Safeguard Categories

Environment FI
Involuntary Resettlement FI
Indigenous Peoples FI

Summary of Environmental and Social Aspects

Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design tbd
During Project Implementation IIFCL will continue to be the executing agency of IIPFF II. Policy direction and strategic oversight will be provided by IIFCL's Board of Directors. The project management unit (PMU), established under IIPFF I, will continue to monitor day-to-day implementation of the Facility and also improve the capacity of IIFCL in areas of identification, screening, selection, and monitoring of all subprojects. The ESMU will be responsible for compliance with state and national policies and the ESSF.

Business Opportunities

Consulting Services

The Borrower shall cause qualified enterprises to (i) adopt, to the extent possible, internationally-competitive bidding procedures when the amount of the investment is unusually large and economy and efficiency can be gained by following such procedures; and (ii) ensure that the goods and works to be financed by subloans shall be purchased at a reasonable price, account also being taken of relevant factors such as time of delivery, efficiency and reliability of goods, and their suitability for the qualified project and, in the case of consulting services, of their quality and the competence of the parties rendering them.

For build-operate-transfer projects and their variants, if the qualified enterprise or engineering, procurement, and construction contractor is selected through competitive bidding among international entities in accordance with procedures acceptable to ADB, such qualified enterprise or contractor may apply its own procedures for procurement provided that such procurement is for goods and works, and consulting services supplied from, or produced in, ADB member countries. To this end, the qualified enterprise shall ensure that the amount of procurement of goods, works, and consulting services from member countries of ADB is at least equal to the size of the subloan for the qualified project.

Procurement IIFCL will undertake the same obligations with respect to procurement as under Tranche I which will be in accordance with ADB's Procurement Guidelines (2010, as amended from time to time), and will also comply with the operations manual adopted by the Board of IIFCL on 14 November 2008.

Responsible Staff

Responsible ADB Officer Cheolsu Kim
Responsible ADB Department South Asia Department
Responsible ADB Division Public Management, Financial Sector and Trade Division, SARD
Executing Agencies
India Infrastructure Finance Company Limited
10th Floor, Jeewan Prakash Building
25 Kasturba Gandhi Marg
New Delhi, India 110001

Timetable

Concept Clearance -
Fact Finding -
MRM -
Approval -
Last Review Mission -
Last PDS Update 10 Dec 2010

Loan 2717-IND

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
07 Dec 2010 17 Mar 2011 08 Apr 2011 31 Dec 2014 - 23 Oct 2012
Financing Plan Loan Utilization
Total (Amount in US$ million) Date ADB Others Net Percentage
Project Cost 250.00 Cumulative Contract Awards
ADB 250.00 07 Dec 2010 250.00 0.00 100%
Counterpart 0.00 Cumulative Disbursements
Cofinancing 0.00 07 Dec 2010 250.00 0.00 100%

Safeguard Documents See also: Safeguards

Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.

Evaluation Documents See also: Independent Evaluation

None currently available.

Related Publications

None currently available.


The Public Communications Policy (PCP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.

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