According to AIIB documents, this project will finance Oman Broadband in relation to its roll-out of a fiber optic broadband cable network to approximately 406,003 homes/premises by the end of 2021. The Project comprises of laying approximately 4,097 km of cable, dropping approximately 9,535 km of cable and installing supporting infrastructure such as fiber distribution hubs. Once the Project is complete, 80% of Muscat will be fiber-ready for connection with the gigabit-capable optical networks.
The total project cost through 2021 is estimated to be around $467 USD million and is to be funded by equity, debt and operating cash flow from its on-going operation. The financing plan envisages a long-term debt financing with the combination of A Loan and B Loan in total of approximately $239 USD million. The size of the total debt and its component may be refined
alongside the appraisal process.
Mr. Gregory Liu
Project Team Leader/Principal Private Sector Operations Specialist
Tel: +86 10 8358 0228
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.