MUMBAI METRO LINE 3
12.2.1 APPLICABLE INTERNATIONAL CONVENTIONS
Environmental problems which migrate beyond the jurisdiction (Transboundary) require power to control such issues through international cooperation by either becoming a Contracting Party (CP) i.e. ratifying treaties or as a Signatory by officially signing the treaties and agreeing to carry out provisions of various treaties on environment and social safeguards. Table 14: INTERNATIONAL PROTOCOLS
NAME
DESCRIPTION
Montreal Protocol
On Substances That Deplete the Ozone Layer (and subsequent Amendments) India signed the Montreal Protocol along with its London Amendment on 17-9-1992 and also ratified the Copenhagen, Montreal and Beijing Amendments on 3rd March, 2003.
Kyoto Protocol
The Kyoto protocol was signed by India in August 2002 and ratified in February 2005. The convention pertains to the United Nations framework on Climate Change.The 3rd Conference of the Parties to the Framework Convention on Climate Change (FCCC) in Kyoto in December 1997 introduced the Clean Development Mechanism (CDM) as a new concept for voluntary greenhouse-gas emission reduction agreements between industrialized and developing countries onthe project level.
The Rotterdam Convention
The Rotterdam Convention on the Prior Informed Consent (PIC) Procedure for Certain Hazardous Chemicals & Pesticides in international Trade was adopted by India at the Conference of Plenipotentiaries at Rotterdam in 1998
IFC Performance Standard 2
Labour and Working Conditions is specific to labour and working conditions under International Finance Corporation
13 DEVELOPMENT PHASE As the funding is approved thorugh JICA which is a japan based company there is foreign collaboration involved in the process so there are certain certain approvals and acts which are to be followed as listed below 13.1 FOREIGN COLLABORATIO N IN INDIA In India there are basically two forms of foreign collaboration.
The collaboration may be either financial collaboration or it may be technical. In case of financial collaboration the approving authority is the Reserve Bank of India RBI-Lumpsum payment * (followed for mumbai metro line 3)
SUBMITTED BY: BHUMIKA RAJ UC5316
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