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
ADB US$ 390 million
Borrower US$ 92.5 million
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.