GVMC Loan

pending

 The proposed investment comprises an IFC A-loan of Indian Rupee (INR) 5.0 billion, equivalent to ~US$60 million (“the Loan”), to the Greater Visakhapatnam Municipal Corporation (“GVMC” or the “Borrower”), civic body under the Government of Andhra Pradesh, responsible for the civic infrastructure and administration of the city of Visakhapatnam. The proposed investment would support GVMC in creation of wastewater management infrastructure for the Madhurawada region, which falls in the northern part of the city, spreading over an area of about 75 square kilometers. The project consists of three (3) major components as follows: i) main lines and underground sewerage network of 410 kilometers including provisions of House Service Connections (HSC) and road restoration; ii) installation of two (2) sewage lifting station (SLS) and three (3) sewage pumping station (SPS) and conveyance of raw sewage to the proposed Sewage Treatment Plant (STP); and iii) construction, operation and maintenance of Sewage Treatment Plan (STP). The proposed STP site is to be built on a legacy solid waste dumping site at Kapuluppada. GVMC has since cleared the site of the dumped municipal solid waste. The Project is presently in the initial planning stage. The proposed STP location and two lifting and three pumping stations within the sewerage network have been finalized. The Project Management Consultant (PMC) and engineering, procurement and construction (EPC) contractor are yet to be finalized. Operation and Maintenance (O&M) of the project will also be contracted out. Post construction of the project, EPC contractor will likely assume responsibility for O&M as O&M contractor.Andhra Pradesh Urban Infrastructure Asset Management Limited (APUIAML) is in the process of being appointed as a Project Management Consultancy (PMC) for the Project.