Lok Sabha Question No. 1938 (UNSTARRED), answered on 2017-12-29
Subject: New Development Bank
Ministry: FINANCE
Asked by: SUNIL KUMAR MONDAL

## GOVERNMENT OF NNDIA MINISTRY OF FINANCE DEPARTMENT OF ECONOMC AFFAIRS

## LOK SABHA

UNSTARRED QUESTION No. 1938 TO BE ANSWERED ON DECEMBER 29, 2017

## NEW DEVELOPMENT BANK

## 1938. SHRI SUNIL KUMAR MONDAL

Will the Minister of FINANCE be pleased to state:

- (a) whether the New Development Bank setup by BRICS countries has approved its financing plan including two infrastructure projects in China and India; and
- (6) ifs0, the details thereof?

## ANSWER

## MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI PON RADHAKRISHNAN)

- (a) and (b): The New Development' Bank (NDB) does not have ay pre-approved project financing plans The project proposals are submitted by the BRICS nations for financing by the due-diligence and approval processes, considers the project proposals on case-by-case basis for approval: In Iespect of China and India the New Development Bank has approved financing of fours projects each The details of these projects are in the Annexure

## ANNEXURE REFERRED IN REPLY TO PARTS (@) & (b) OF LOK SABHA UNSTARRED QUESTION NO. 1938 FOR DECEMBER 29, 2017 ASKED BY SHRI SUNTL KUMAR MONDAL REGARDING NEW DEVELOPMENT BANK

Statement indicating projects approved by New Development Bank in China and India

| SNo:   | Loan Amount     | Borrower            | End-user/On-lendee                                      | Target Sector                                    |
|--------|-----------------|---------------------|---------------------------------------------------------|--------------------------------------------------|
|        | CHNA            | CHNA                | CHNA                                                    | CHNA                                             |
|        | USD 81 million  | PRC Government      | Shanghai Lingang Hongbo New Development Co: Ltd. Energy | Renewable energy                                 |
| 2      | USD 298 million | PRC Government      | Fujian Investment and Development Group                 | Renewable energy                                 |
| 3_     | USD 300 million | PRC Government      | Sub-project PIUs in Changsha Zhuzhou` and Xiangtan      | Water; sanitation and flood control, environment |
| 4      | USD 200 million | PRC Government      | Government of Jiangxi Province                          | Energy conservation                              |
| INDIA  | INDIA           | INDIA               | INDIA                                                   | INDIA                                            |
|        | USD 250 million | Canara Bank         | Sub-projects                                            | Renewable energy                                 |
|        | USD 350 million | Government of India | Government of Madhya Pradesh                            | Upgrading major district roads                   |
| 3_     | USD 470 million | Government of India | Government of Madhya Pradesh                            | Water supply and sanitation; rural development   |
| 4_     | USD 345 million | Government of India | Government of Rajasthan                                 | Trigation Agriculture                            |