The objective of the Project is to achieve full readiness for the construction of a new railway system that will support the Sultanate of Oman with the diversification of its economy and to develop the Sultanate of Oman's position as transport hub and as an exporter of minerals.
Following are the planned activities under the proposed project:
(1) Railway system design and procurement;
(2) Institutional development for sector readiness;
(3) Baseline surveys for land acquisition, socio-economic and environment; and
(4) Legal services to support the development and finalization of all contracts needed for the construction and the commercial development of the new railway system.
Principal Investment Operations Specialist
No project contact details were provided at time of disclosure.
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.