LEAD-UP EVENT, PORT AND COASTAL INFRASTRUCTURE AT VISAKHAPATNAM (APR 3-4, 2018) FOR AIIB ANNUAL MEETING 2018 Mumbai

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1 LEAD-UP EVENT, PORT AND COASTAL INFRASTRUCTURE AT VISAKHAPATNAM (APR 3-4, 2018) FOR AIIB ANNUAL MEETING 2018 Mumbai Department of Economic Affairs Ministry of Finance

2 About AIIB (in brief) India is a founding member and 2 nd largest shareholder at 7.74% China, the largest shareholder at 29.9% Russia is third largest shareholder at 6.1% Bank has 84 members (Regional, Non Regional and Prospective members) Bank s focus areas- Rural infrastructure, Energy and Power, Environmental Protection, Transportation and Telecommunications, Water supply & sanitation, and Urban development & logistics 2

3 India AIIB Approved Projects for financing in India *7 Power for All in Andhra Pradesh (Co-financed with WB) Gujarat Rural Road Development Project Transmission System Project by the PGCIL (Co-financed with ADB) Bangalore Metro Project Phase 2 (Co-financed with EIB) Morgan Stanley Indian Infrastructure Fund (Non-Sovereign) Total AIIB financing for the 5 Projects: 1074 USD million 3

4 India AIIB (contd.) Projects under Preparation (Sovereign-backed Financing) Total 12 Sovereign backed financing Projects under Preparation Total Financing involved is 3508 USD million The projects cover various sectors: Port Development Green field city development Rural connectivity/roads/bridges Irrigation and Flood Management Urban Water Supply & Septage Management Urban Transport National Highways interconnectivity Power system improvement Rural water supply Many projects are co-financed with World Bank 4

5 India AIIB (contd.) Projects under Preparation (Non- Sovereign-backed Financing) Four Non-sovereign backed financing projects under preparation Total financing from AIIB 860 USD million National Infrastructure and Investment Fund (NIIF) Mumbai Metro Project Waste to Energy Plants in Lucknow, Gwalior and Gurugram Azure Power (260 MW Solar plant in Gujarat & 200MW Solar plant in Rajasthan) 5

6 AIIB Governance Structure Board of Governors The highest decision-making body Meets once a year during the Annual Meeting One Governor and one Alternate Governor appointed by each member country. Finance Minister is the Governor and Secretary, DEA is the Alternate Governor Board of Directors Non-resident Board Responsible for the direction of the general operations of the Bank Additional Secretary, DEA Director and Joint Secretary, DEA Alternate Director 6

7 AIIB Annual Meetings Previous Meetings First - Beijing (2016) Second - Jeju, South Korea (2017) Delegates (3000 approx.) Board of Governors (Deputy Prime Ministers/Finance Ministers) Board of Directors (Finance Deputies or below) Accompanied by businesses, investors and high ranking government officials International Organisations, Financial Institutions, Academia, CSOs/NGOs International Media Coverage 7

8 Annual Meeting Schedule Curtain Raiser - 27 th February 2018 Run Up Events Eight cities of the country Seminar Topics around the issue of Infrastructure Development In association with Industry Partners Annual Meeting - Mumbai Meeting of Board of Directors : June, 2018 Meeting of Board of Governors : June,

9 Schedule of AIIB Run-up Events Theme City Partner Institution Date Mass Rapid Transport Systems Kolkata ASSOCHAM March 13 Port and Coastal Infrastructure Visakhapatnam CII April 3-4 Urban Development Ahmedabad ASSOCHAM April Futuristic, Resilient, Inclusive and Digital Infrastructure Bangalore CII May 3-4 Regional Development Guwahati FICCI May Clean and Renewable Energy Bhopal FICCI May Water and Sanitation Pune FICCI May 31 Jun 1 Private Sector Participation and Innovation in Resource Mobilization Mumbai FICCI June

10 Meeting of Board of Governors 25 th June 2018 Opening Ceremony Other Events Governor s Seminar Mobilizing Finance for Infrastructure, Connectivity within and beyond Workshop Sustainable cities - Strategy Governor s Business Session Host Country Seminar on 2 topics Main Cultural Programme Host Country Dinner Exhibition showcasing Infrastructure 10

11 Meeting of Board of Governors 26 th June 2018 Governor s Official Session - Leveraging Private Finance Bank s Seminar - Institutional Finance for Infrastructure, Governance Bank s Workshops - Building Infrastructure for Asian Cities, Connectivity with Asia and Central Asia Host Country Seminar-3 Cultural Programme 11

12 Thank You