Oman: Duqm Port Commercial Terminal and Operational Zone Development Project (AIIB-000013)

Countries
  • Oman
Where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Infrastructure Investment Bank (AIIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Dec 8, 2016
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Special Economic Zone Authority of Duqm
The holder of the loan, grant, or other investment.
Sectors
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 265.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 353.30 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ AIIB website

Updated in EWS Nov 8, 2017

Disclosed by Bank Dec 8, 2016


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Project Description
According to AIIB documents, the objective of the Project is to achieve the potential economic benefits from Duqm port development through improved transport efficiency, strengthened logistics, facilitated mineral exports, and reduced supply chain delivery time and costs for the wide spectrum of industries in the new Duqm Special Economic Zone. The Project will mainly include the civil works for the construction of port related infrastructure including port access roads, cargo storage, Terminal buildings, and Operational Zone's facilities buildings. The Project is estimated to be implemented over a period of 3.5 years from January 2017 to June 2020.
Investment Description
  • Asian Infrastructure Investment Bank (AIIB)
Contact Information
AIIB Project Team Leader: Dr. Shakeel Khan Project Team Leader/Principal Investment Operations Specialist Tel: +86 10 8358 0185 E-Mail: skhan@aiib.org ACCOUNTABILITY MECHANISM OF AIIB In addition, the AIIB has a Bank Oversight Mechanism. According to AIIB's policies, "people who believe they have been or are likely to be adversely affected by a failure of the Bank to implement the ESP may also submit complaints to the Bank's oversight mechanism in accordance with the policies and procedures to be established by the Bank for such mechanism." However, at the time of writing, it is unclear what the exact scope and function of this Oversight Mechanism will be.