Pakistan: Karachi Port Trust

Sovereign Project | 44365-012 Status: Closed

Summary

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Project Name Karachi Port Trust
Project Number 44365-012
Country Pakistan
Project Status Closed
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 7726-PAK: Karachi Port Trust
Technical Assistance Special Fund US$ 225,000.00
Strategic Agendas Inclusive economic growth
Drivers of Change Governance and capacity development
Private sector development
Sector / Subsector

Transport - Water transport (non-urban)

Gender Equity and Mainstreaming Some gender elements
Description
Project Rationale and Linkage to Country/Regional Strategy
Impact

Project Outcome

Description of Outcome
Progress Toward Outcome The consulting services for the corporate strategy study and financial analysis of the Karachi Port Trust (KPT) are ongoing/on track.
Implementation Progress
Description of Project Outputs
Status of Implementation Progress (Outputs, Activities, and Issues)

The original TA outputs were: (1) KPT's 5-year business plan; (2) KPT's 15-year financial projections; (3) bidding document for EPC contract; (4) bidding document for O&M contract.

(1)/(2) TA scope was revised in order to avoid duplication of efforts (given that the World Bank was concurrently providing support to produce a 10-year Business Plan, the production of the earlier proposed 5-year Business Plan has been dropped). Under the revised TA scope, fact-finding consultations with various stakeholders are ongoing to make further progress in determining whether KPT's Karachi Harbor Crossing (KHC) Project can be financed on a non-recourse, limited resource, or full recourse basis. STA Completion Report was to be delivered 30 June 2011 (under the project finance options, the financial projections will range from 25 to 30 years). However, KPT's technical consultants have been delayed in carrying out their additional work, including a revised traffic count analysis and __ survey. As these results are now expected by mid-October , the TA consultants are expected to deliver their STA completion report by 30 November 2011. Should further delays occur, the TA clsoing may have to be extended by one or two months.

(3)/(4) Given that bankability of the KHC Project has to be established first, procurement related activities have been postponed accordingly.

The revised TA scope now also includes assessement of KPT's Financial Management Capacity. In addition, a preliminary assessment on environment and social safeguard aspects of the KPT and KHC Project were also initiated.

Geographical Location

Summary of Environmental and Social Aspects

Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design Consultation meetings with Karachi Port Trust, Karachi Development Authority, Ministry of Ports and Shipping, and other stakeholders were held to design and update the TA scope.
During Project Implementation Fact-finding and validation meetings with Karachi Port Trust all of the potential KHC project public and private sector stakeholders were held.

Business Opportunities

Consulting Services A corporate strategist and a financial specialist have been recruited for 90 days (intermittent). The consultants were recruited individually by ADB in accordance with its Guidelines on the Use of Consultants (2010, as amended from time to time).
Procurement Not applicable

Responsible Staff

Responsible ADB Officer Roland Pladet
Responsible ADB Department Central and West Asia Department
Responsible ADB Division Office of the Director General, CWRD
Executing Agencies
Karachi Port Trust
Eduljee Dinshaw Road Karachi-74000
Pakistan

Timetable

Concept Clearance -
Fact Finding -
MRM -
Approval -
Last Review Mission -
Last PDS Update 02 Sep 2011

TA 7726-PAK

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
20 Dec 2010 - 20 Dec 2010 30 Sep 2011 30 Jun 2014 -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
225,000.00 0.00 0.00 0.00 0.00 0.00 225,000.00 20 Dec 2010 120,486.56

None currently available.

Safeguard Documents See also: Safeguards

Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.

None currently available.

Evaluation Documents See also: Independent Evaluation

None currently available.

Related Publications

None currently available.


The Public Communications Policy (PCP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.

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