West Bank Buses (IFC-599855)

Countries
  • Palestine, West Bank, Gaza
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
U
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
Jul 28, 2015
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
Ministry of Transport
The holder of the loan, grant, or other investment.
Sectors
  • Technical Cooperation
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 28.73 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 26.00 million
Converted using 2015-07-28 exchange rate.
Primary Source

Original disclosure @ IFC website

Updated in EWS Aug 22, 2017

Disclosed by Bank Sep 15, 2015


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Project Description
This project finances transaction advisory support to the Ministry of Transport of the State of Palestine to assist in investigating the feasibility of attracting private sector participation for the provision and maintenance of new busses to be leased to the existing private bus companies in the West Bank.
People Affected By This Project
The project is expected to lead to an increased access to improved bus services in the project location, and a reduction in CO2 emitted due to the use of more energy efficient buses
Investment Description
  • International Finance Corporation (IFC)
This project is funded by a grant from the Dutch Ministry of Development for the purpose of project preparation and implementation.
Contact Information
*No contacts available* ACCOUNTABILITY MECHANISM OF IFC The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/