City Bus Access Project (WB-P156126)

Countries
  • Bhutan
Where the impacts of the investment may be experienced.
Specific Location
Thimphu
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
  • World Bank (WB)
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
B
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
Apr 7, 2016
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
Government of Bhutan, Thimphu Thromde, City Bus Company
The holder of the loan, grant, or other investment.
Sectors
  • Law and Government
  • 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.
Project Cost (USD)
$ 4.45 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported
Converted using 2016-04-07 exchange rate.
Primary Source

Original disclosure @ WB website

Updated in EWS Jul 21, 2017

Disclosed by Bank Nov 24, 2015


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Project Description
This project provides funding for the expansion of public transportation in Bhutan's capital city, Thimphu. Specifically, the project will finance the expansion of bus services in the city.
Investment Description
  • World Bank (WB)
Contact Information
World Bank Contact: Dominic Pasquale Patella Title: Sr Transport. Spec. Tel: 458-4619 Email: dpatella@worldbank.org Contact: Dechen Tshering Title: Disaster Risk Management Speci Tel: 5739+124 Email: dtshering@worldbank.org Contact: Tenzin Lhaden Title: Operations Officer Tel: 5739+130 Email: tlhaden@worldbank.org Borrower/Client/Recipient Name: Ministry of Finance Contact: Lam Dorji Title: Secretary Tel: 975332722 Email: secretary@mof.gov.bt Implementing Agencies: Name: Thimphu Thromde Contact: Mr. Kinzang Title: Coordinator Tel: 975-1760-1601 Email: kinzang@thimphucity.gov.bt Name: City Bus Co. Contact: Pasang Tshering Title: Manager Tel: 97517603500 Email: pasangtdorji@gmail.com ACCOUNTABILITY MECHANISM OF WORLD BANK The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.