Considering, India’s substantial infrastructure requirement, Asian Infrastructure Investment Bank (AIIB) has plans to invest around Rs 127 billion in projects including transport (metro), rural (road upgradation), energy (renewables) and water and waste management.
“We have, six projects in pipeline,” says Sir Danny Alexander, Vice President & Corporate Secretary, Asian Infrastructure Investment Bank (AIIB).
The proposed projects by AIIB are rural road project and a water and waste management project in Andhra Pradesh; Mumbai Metro Line 4, a major irrigation and flood management project in West Bengal and Amaravathi proposed capital of Andhra Pradesh. The total investment t would be Rs 127 billion.
Earlier, the AIIB has committed Rs 75 billion in projects like a rural connectivity project in MP, the Bengaluru Metro, power transmission in Tamil Nadu, rural roads in Gujarat, the power-for-all project in Andhra.
That apart, AIIB has committed an investment of $200 million in National Investment and Infrastructure Fund (NIIF). By far, this is the second largest investment in NIIF by any multi-lateral agency. Last year, October, the Abu Dhabi investment authority has pledge an investment worth $1 billion.