Cofinancing operations enable ADB’s financing partners, governments or their agencies, multilateral financing institutions, and commercial organizations to participate in financing ADB projects. Additional funds are provided in the form of official loans and grants, technical assistance, other concessional financing, and commercial cofinancing such as B loans, risk transfer arrangements, parallel loans and equity, guarantee cofinancing, and cofinancing for transactions under ADB’s Trade Finance Program.
From 1970 to the end of 2016, cumulative direct value-added (DVA) official cofinancing for India amounted to $3.58 billion for 32 investment projects, and $121.1 million for 120 technical assistance projects. Cumulative DVA commercial cofinancing for India amounted to $1.38 billion for 16 investment projects.
In 2016, India received $1.03 billion loan cofinancing from the Government of Japan, the Clean Technology Fund, and the World Bank for three investment projects; and $27.9 million grant cofinancing from the World Bank and the Urban Climate Change Resilience Trust Fund under the Urban Financing Partnership Facility for two investment projects.
India: Projects Cofinanced, 1 January 2012–31 December 2016
|Cofinancing||No. of Projects||Amount ($ million)|
|Technical Assistance Grants||35||41.21|
a A project with more than one source of cofinancing is counted once.
Investment Projects Cofinanced for India, 1 January 2012–31 December 2016
|Project||ADB Amounta ($ million)||Cofinancing Amount ($ million)||Type of Cofinancingb|
|Axis Bank Limited and YES Bank Limited: Strengthening Rural Financial Inclusion and Farmer Access to Markets||400.00||86.52||C|
|Clean Energy Finance Investment Program—Tranche 1||200.00||553.00||O|
|Credit Enhancement of Project Bonds||128.00||74.70||C|
|Dahej Liquefied Natural Gas Terminal Expansion Phase III||150.00||52.98||C|
|Green Energy Corridor and Grid Strengthening Project||500.00||625.00||O|
|Himachal Pradesh Clean Energy Development Investment Program—Tranche 4||315.00||200.00||O|
|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|
|Microfinance Risk Participation and Guarantee Program||191.98||220.63||C|
|National Grid Improvement Project||750.00||140.75||C|
|Ocean Sparkle Expansion Project||40.00||16.25||C|
|Off-Grid Prepaid Solar Leasing||–||6.00||O|
|Rajasthan Renewable Energy Transmission Investment Program—Tranche 1||62.00||88.00||O|
|Rajasthan Renewable Energy Transmission Investment Program—Tranche 2||238.00||110.00||O|
|Rajasthan Urban Sector Development Program||500.00||2.00||G|
|RBL Bank Supporting Financial Inclusion||151.00||23.56||C|
|ReNew Clean Energy||34.70||195.00||O|
|Renew Power Investment||50.00||20.00||C|
|Rural Education Project||2.00||0.75||C|
|Shapoorji Affordable Housing Project||35.00||102.60||C|
|SME Trade Finance Facility||100.00||47.50||C|
|Solar and Wind Power Development Project||50.00||238.07||C|
|Solar Rooftop Investment Program—Tranche 1||–||747.93||G/O|
|Visakhapatnam–Chennai Industrial Corridor Development Program—Project 1||245.00||5.00||G|
|Official Risk Transfers||539.00||150.69||ORT|
– = nil.
a Loan, grant, or blend.
b C = commercial cofinancing, G = grant cofinancing, O = official loan cofinancing, ORT = official risk transfers.