Bhutan Green Transport Project (WB-P171012)

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
May 31, 2021
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
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 Amount (USD)
$ 5.00 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)
$ 29.69 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 @ WB website

Updated in EWS May 19, 2020

Disclosed by Bank Sep 18, 2019


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Project Description

According to the bank document, "The Development Objectiveof the Project is to improve access to opportunities for the residents of Thimphu City, and provide reliable, safe, and green urban mobility options to them along the North-South Axis of Thimphu City, as well as, the City Center.

In the long run, if implemented, the project will increase livability of Thimphu city from the transportation perspective. This will be achieved by developing a Priority Bus Service along one of the key transportation corridors in Thimphu which connects the various neighborhoods of the city and by decongesting the city center (through the pedestrianization of a main city boulevard)."

Investment Description
  • World Bank (WB)

Co-financing:

Green Climate Fund US$ 23.53 million
Korea WB Partnership Facility US$ 1.17 million

Contact Information

World Bank

Richard Martin Humphreys, Lead Transport Economist

Borrower/Client/Recipient
Ministry of Finance
Government of Royal Bhutan
Lekzang Dorji, Director General
lekzangd@mof.gov.bt

Implementing Agencies
Thimphu Thromde
Karma Namgyel
Executive Secretary
knamgyel@thimphucity.gov.bt

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.