Pakistan: Cofinancing

Cofinancing operations enable ADB’s financing partners, governments or their agencies, multilateral financing institutions, and commercial organizations, to participate in financing ADB projects. The additional funds are provided in the form of official loans and grants, technical assistance, other concessional cofinancing, and commercial cofinancing such as B loans, risk transfer arrangements, parallel loans and equity, guarantee cofinancing, and cofinancing for transactions under ADB’s Trade Finance Program.

From 1970 to the end of 2015, cumulative direct value-added (DVA) official cofinancing for Pakistan amounted to $2.2 billion for 37 investment projects and $74.2 million for 46 technical assistance projects. Cumulative DVA commercial cofinancing for Pakistan amounted to $6.3 billion for 20 investment projects.

In 2015, Pakistan received $286 million grant cofinancing from the Department for International Development of the United Kingdom and $500 million loan cofinancing from the World Bank.

Pakistan: Projects Cofinanced, 1 January 2011–31 December 2015

Cofinancing No. of Projects Amount
($ million)
Projectsa 16 6,221.61
 Grants 4 286.00
 Official loans 3 1,369.00
 Commercial cofinancing 9 4,566.61
Technical Assistance Grants 4 17.71

a A project with more than one source of cofinancing is counted once.

Investment Projects Cofinanced for Pakistan, 1 January 2011–31 December 2015

Project ADB
Amounta
($ million)
Cofinancing
Amount
($ million)
Type of
Cofinancingb
Engro Fast Track LNG Regasification Project 30.00 69.57 C
Gulpur Hydropower Project 65.00 88.75 C
Foundation Wind Energy Limited I 33.43 67.02 C
Foundation Wind Energy Limited II 33.18 66.77 C
Jamshoro Power Generation 900.00 220.00 O
National Highway Network Development in Balochistan 122.60 72.40 G
National Motorway M-4 Gojra–Shorkot Section 178.00 92.00 G
National Trade Corridor Highway Investment Program – Tranche 2 117.60 82.40 G
National Trade Corridor Highway Investment Program – Tranche 3 87.80 39.20 G
New Bong Escape Hydropower Project 37.30 9.63 C
Patrind Hydropower 97.00 230.00 C
Sustainable Energy Sector Reform Program – Subprogram 1 400.00 649.00 O
Sustainable Energy Sector Reform Program – Subprogram 2 400.00 500.00 O
Trade Finance Program 3,877.98 3,864.85 C
Uch II Power 100.00 99.98 C
Zorlu Enerji Power 36.80 70.05 C

a Loan, grant or blend.
b C = commercial cofinancing, O = official cofinancing.