Rawalpindi Ring Road Project (AIIB-000077)

Countries
  • Pakistan
Where the impacts of the investment may be experienced.
Specific Location
Rawalpindi
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
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
Proposed
Bank Risk Rating
A
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 20, 2018
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
Islamic Republic of Pakistan
The holder of the loan, grant, or other investment.
Sectors
  • Construction
  • Infrastructure
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 402.00 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)
$ 459.00 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 Sep 17, 2018

Disclosed by Bank Mar 29, 2018


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Project Description

Rawalpindi Ring Road Project is proposed to improve economic connectivity and road transport efficiency in Islamabad-Rawalpindi Metropolitan through construction of 58.8 kilometers of ring and link roads.

The Project will comprise of 2 components:

Component I: The component will include 58.8 kilometers long road comprising of 38.3 kilometers of ring road and several link roads. Additionally, the support work will enable the project roads fully functional, e.g. installation of traffic management equipment and traffic surveillance, construction of operation and  maintenance (O&M) camps and its facilities, tolling and communication systems.

Component II: Based on the assessments of the government systems and project institutional arrangements, institutional strengthening support will be provided.

The stated objective of the proposed project is to improve economic connectivity and road transport efficiency in Islamabad-Rawalpindi Metropolitan Area through constructing the ring road and associated facilities. 

Investment Description
  • Asian Infrastructure Investment Bank (AIIB)
Contact Information

Asian Infrastructure Investment Bank
Luquan Tian
Project Team Leader/ Principal Investment Operations Specialist
Tel: +86 (10) 8358 0284
Email: luquan.tian@aiib.org

Borrower

Muhammad Aslam Chaudhary
Joint Secretary-China
Economic Affairs Division
Government of Pakistan
Tel: +92 (51) 9205292
Email: aslam26@gmail.com
Implementation Agency

Muhammad Mushtaq Ahmad
Additional Chief Secretary
Communication & Works Department
Government of Punjab, Pakistan
Tel: +92 (42) 99210439
Email: secretarycwd@gmail.com

ACCOUNTABILITY MECHANISM OF AIIB

In addition, the AIIB has a Project-affected People’s 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, the exact scope and function of its Project-affected People’s Mechanism are yet to be finalized.