India: Innovative Municipal Finance Sector Development Program for India

Sovereign Project | 48229-003 Status:

Summary

Latest Project Documents

Consulting Notices See also: CMS

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Procurement Notices See also: Operational Procurement

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Procurement Documents

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Project Name Innovative Municipal Finance Sector Development Program for India
Project Number 48229-003
Country India
Project Status
Project Type / Modality of Assistance Loan
Source of Funding / Amount
Loan: Innovative Municipal Finance Sector Development Program for India
Ordinary capital resources US$ 150.00 million
Ordinary capital resources US$ 100.00 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 Some gender elements
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

Summary of Environmental and Social Aspects

Environmental Aspects One issue is developing an environmental safeguard framework for the EAs.
Involuntary Resettlement In developing infrastructure, the potential impacts on communities being displaced will have to be evaluated and the resettlement will have to be done in accordance with ADB and national norms.
Indigenous Peoples While there is a possibility, the impact, if any, is not known yet. However, these impacts will need to be evaluated and the resettlement will have to be done in accordance with ADB and national norms
Stakeholder Communication, Participation, and Consultation
During Project Design The main stakeholders are the Department of Economic Affairs, the Ministry of Urban Development, and the Department of Expenditure at the central government level; urban development departments and urban infrastructure funds at the states; officials from the state governments; nongovernmental organizations; academicians; and users of public services. There will be continuous consultations with the government officials. Participatory public consultations and targeted group discussions will be carried out.
During Project Implementation There will be focused consultation with the selected NGOs and users' association (to be identified later) on some issues relevant for the project

Business Opportunities

Consulting Services A 3-month staff consultancy is proposed in parallel with the processing of the proposed project. The objective of the staff consultancy would be to (i) identify the menu of reforms, including reforms to mobilize additional revenues, that the participating ULBs can or willing to implement to access the incentive funds; (ii) determine the level of commercial financing that can be absorbed by the ULBs and escrowing arrangements; (iii) finalize the list of subprojects to be financed under the project and the financing mix; and (iv) model the cashflows with respect to the costs of servicing the incremental blended debt and incremental revenues. An additional 2-month staff consultancy would be required to develop a safeguard framework acceptable to ADB and compliant with national norms, and to propose important gender-sensitive policy/reform actions.
Procurement The project will use country procurement systems as applicable to financial intermediaries.

Responsible Staff

Responsible ADB Officer Vivek Rao
Responsible ADB Department South Asia Department
Responsible ADB Division Public Management, Financial Sector and Trade Division, SARD
Executing Agencies
Department of Municipal Affairs, Government of West Bengal
Writers' Buildings, Kolkata- 700001
Housing and Urban Development Department, Government of Odisha
1st Floor, State Secretariat, Annex - B,
Bhubaneswar - 751001

Timetable

Concept Clearance -
Fact Finding -
MRM -
Approval -
Last Review Mission -
Last PDS Update 21 Mar 2016
Title Document Type Document Date
Innovative Municipal Financing Facility for India Initial Poverty and Social Analysis Apr 2014

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.

None currently available.

Evaluation Documents See also: Independent Evaluation

None currently available.

Related Publications

None currently available.


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