World Bank Group´s audit arm, Compliance Advisor Ombudsman (CAO), has decided to probe whether IFC violated environmental and social impact compliance norms while providing advisory services for the Rs 7,500-crore Vizhinjam deep sea port project. This is due to concerns raised about possible adverse impacts of the project on the environmental and social aspects. The Kerala Government´s ambitious Vizhinjam port project was recently awarded to the diversified Adani Group. International Finance Corporation (IFC), had taken up the advisory services project for the Kerala Government.
FlashNews:
RAHSTA to submit policy recommendations to NHAI
Roads & Highways Builders book RAHSTA Expo
Are Projects facing a 90 percent barrier?
RAHSTA Forum sets the stage for groundbreaking discussions in roads infra
NBCC sells office/commercial space worth Rs. 14,800 Crore approx
RAHSTA Forum to kick off road and highway expo journey
Infrastructure Experts to Debate Viksit Bharat at Infrastructure Today Conclave in Delhi
Land Pooling Sinks under Flip Flops!
Gods or Demi-Gods cannot prevent a stampede
RAHSTA to showcase cutting-edge road construction tech, says NCC Director
RAHSTA will drive road construction innovation: Sundaresan
Trimble MD champions digital solutions for industry growth at RAHSTA
Vipin Sondhi: Indian infra booms with road construction opportunities
RK Pandey promotes safe road development at RAHSTA launch
RAHSTA to pave the way for innovation in road construction: AK Singh, NHAI
Road construction leaders launch RAHSTA Expo 2024 in Delhi
Road construction industry launches RAHSTA Expo 2024 in Delhi
Road construction industry to launch RAHSTA Expo 2024
Highways to Progress
Home » World Bank to probe IFC´s role in Vizhinjam port project
World Bank to probe IFC´s role in Vizhinjam port project
Infrastructure Finance
August 1, 2015August 1, 2015
Leave a Reply
You must be logged in to post a comment.