Pakistan: Karachi Bus Rapid Transit Project (AIIB-000162)

Countries
  • Pakistan
Where the impacts of the investment may be experienced.
Specific Location
Karachi, Sindh
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 Development Bank (ADB)
  • 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.
Borrower
Government of Pakistan
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 Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 100.00 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)
$ 582.50 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Bank Documents
Primary Source

Original disclosure @ AIIB website

Updated in EWS Jun 29, 2020

Disclosed by Bank Apr 20, 2019


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Project Description

According to the bank, "The objective is to provide an efficient and sustainable public transport system in Karachi by delivering the city's Red Line BLT corridor." The project has two components: 1.Construction of Karachi Red Line BRT Corridor and Associated Facilities; and 2. Establishment of BRT Operations

Investment Description
  • Asian Development Bank (ADB)
  • Asian Infrastructure Investment Bank (AIIB)

Co-financing:
ADB US$ 390 million
Borrower US$ 92.5 million

Contact Information
Asian Infrastructure Investment Bank (AIIB):
Mr.Soon-Sik Lee
Project Team Leader/Senior
Investment Operations Specialist
Tel: +86 10 8358 0078
 
Asian Development Bank(ADB):
Mr.David Margonsztern
Principal Urban Development Specialist (Transport)
Tel: +632 632 5787
Borrower:
Mr.Aslam Chaudhary
Joint Secretary-China & AIIB Economic Affairs Division, Government of Pakistan
Tel: +92519205292
E-Mail: aslam26@gmail.com
 
Implementation Agency:
Mr.A. Rasheed Mughal
Project Director, Transport & Mass Transit Department, PIU
Tel: +92213586 5392

ACCOUNTABILITY MECHANISM OF AIIB

The AIIB has established the Accountability Mechanism for Project-Affected People (PPM).  The PPM provides “an opportunity for an independent and impartial review of submissions from Project-affected people who believe they have been or are likely to be adversely affected by AIIB’s failure to implement the ESP in situations when their concerns cannot be addressed satisfactorily through Project level GRMs or AIIB Management processes.” Two or more project-affected people can file a complaint.  Under the current AIIB policy, when the bank co-finances a project with another development bank, it may apply the other bank's standards. You can refer to the Project Summary Information document to find out which standards apply.  You can learn more about the PPM and how to file a complaint at: https://www.aiib.org/en/about-aiib/who-we-are/project-affected-peoples-mechanism/how-we-assist-you/index.html.

The complaint submission form can be accessed in Arabic, Bahasa Indonesia, Bengali, Chinese, English, Tagalog, Hindi, Nepali, Russian, Turkish, or Urdu. The submission form can be found at: https://www.aiib.org/en/about-aiib/who-we-are/project-affected-peoples-mechanism/submission/index.html.