📋 Tender Overview
STATUS
Approved
MEMBER
India
SECTOR
Transport
E&S CATEGORY
Category B
PROJECT NUMBER
000939
FINANCING
APPROVED FUNDING
USD49 Million
FINANCING TYPE
Nonsovereign
TIMELINE
CONCEPT REVIEW
July 1, 2025
FINANCING APPROVAL
July 25, 2025
OBJECTIVE
To support a shift to electric mobility, to reduce carbon emissions and improve air quality in selected provinces of the state of Maharashtra, India.
DESCRIPTION
The project involves financing the procurement, operation and maintenance of electric buses as well as the development of associated infrastructure including charging stations and bus depots in the state of Maharashtra.
The Borrowers have been awarded concessions by Convergence Energy Services Limited as part of the PM-eBus Sewa Scheme, to operate under the Gross Cost Contract Model.
ENVIRONMENTAL AND SOCIAL INFORMATION
Applicable Policy and Categorization. The Project will be co-financed with ADB and IFC but with ADB as lead co-financier, and the project’s environmental and social (ES) risks and impacts have been assessed in accordance with ADB’s Safeguard Policy Statement (SPS). To ensure a harmonized approach to addressing the ES risks and impacts of the project, and as permitted under AIIB’s Environmental and Social Policy (ESP), ADB’s SPS will apply to the project in lieu of AIIB’s ESP. AIIB has reviewed ADB’s SPS and is satisfied that: (a) it is consistent with AIIB’s Articles of Agreement and materially consistent with the provisions of AIIB’s ESP, including the Environmental and Social Exclusion List (ESEL) and the relevant Environmental and Social Standards (ESSs); and (b) the monitoring procedures that are in place are appropriate for the project. Given the nature and scope of the project activities, ADB has categorized the ES risks of the project as Category B for Environment, B for Involuntary Resettlement and C for Indigenous Peoples (which are equivalent to Category B if AIIB’s ESP were applicable). The proposed Project will have (i) general ES impacts and risks of the Project which are minor and localized, (ii) impacts which are expected to be reversible and temporary in nature, and (iii) impacts which can be effectively managed using practical and mature mitigation measures.
Environmental and Social Instruments. The borrower had commissioned a qualified and experienced external Consultant to conduct an Environmental and Social Due Diligence (ESDD) on its Environment and Social Management System (ESMS) and an ES compliance audit on its past and current performance against the objectives, principles and requirements of ADB’s SPS (2009). An Environmental and Social Action Plan (ESAP) has been produced to address all ES issues identified. In addition to this, an environmental assessment and review framework (EARF) to address anticipated impacts but that will be site-specific and mainly limited to the operational stage. The EARF includes the Identification of all potential ES risk and the development of
