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.
AIIB Project Team Leader:
Dr. Shakeel Khan
Project Team Leader/Principal Investment Operations Specialist
Tel: +86 10 8358 0185
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.