City Bus Rapid Transit (IFC-600676)

Countries
  • Philippines
Where the impacts of the investment may be experienced.
Specific Location
Quezon City
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
  • 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
Nov 15, 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.
Sectors
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 0.41 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)
$ 0.41 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 @ IFC website

Updated in EWS Aug 2, 2017

Disclosed by Bank Mar 8, 2017


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Project Description
IFC has been appointed as co-transaction advisor with the client to provide advisory services to the the project sponsor, to structure, and competitively tender and award a Public Private Partnership project for the operation and maintenance of the Bus Rapid Transit (BRT) system Quezon City. Specifically, IFC will advise on all pre-investment activities including due diligence review, transaction structuring, marketing and promotion to potential investors, contract preparation and development of bid/tender documents. IFC will also support the competitive bidding process up to the award of the concession contract. The objective of this project is to assist the Client, IFC's co-transaction advisor, and the project sponsor, to structure and competitively tender a Public Private Partnership project that will attract private sector investment and expertise to operate and maintain Bus Rapid Transit in said City.
Investment Description
  • International Finance Corporation (IFC)
Contact Information
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/