Cofinancing operations enable ADB’s financing partners, governments or their agencies, multilateral financing institutions, and commercial organizations to participate in financing ADB projects. Additional funds are provided in the form of official loans and grants, technical assistance, other concessional financing, 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 2016, cumulative direct value-added official cofinancing for Pakistan amounted to $2.54 billion for 41 investment projects and $83.2 million for 50 technical assistance projects. Cumulative direct value-added commercial cofinancing for Pakistan amounted to $6.84 billion for 19 investment projects.
In 2016, Pakistan received $302.4 million loan cofinancing from the governments of France and Japan, and the Asian Infrastructure Investment Bank for four investment projects; and $56.6 million grant cofinancing from the governments of Australia and the United Kingdom for three investment projects.
Pakistan: Projects Cofinanced, 1 January 2012–31 December 2016
|Cofinancing||No. of Projects||Amount
|Technical Assistance Grants||8||26.67|
a A project with more than one source of cofinancing is counted once.
Investment Projects Cofinanced for Pakistan, 1 January 2012–31 December 2016
|Project||ADB Amounta ($ million)||Cofinancing Amount ($ million)||Type of Cofinancingb|
|Access to Clean Energy Investment Program||325.00||78.60||O|
|Engro Fast Track LNG Regasification||30.00||69.57||C|
|Foundation Wind Energy Limited I and II||66.61||133.78||C|
|Gulpur Hydropower Project||65.00||88.75||C|
|Jamshoro Power Generation||900.00||220.00||O|
|National Disaster Risk Management Fund||200.00||3.36||G|
|National Highway Network Development in Balochistan||122.60||72.40||G|
|National Motorway M-4 Gojra–Shorkot–Khanewal Section||200.00||226.00||G/O|
|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 (Laraib Energy Limited)||37.30||9.63||C|
|Power Transmission Enhancement Investment Program - Tranche 4||248.00||82.50||O|
|Supporting Public–Private Partnership Investments in Sindh Province||100.00||19.23||G|
|Sustainable Energy Sector Reform Program – Subprogram 1||400.00||649.00||O|
|Sustainable Energy Sector Reform Program – Subprogram 2||400.00||541.32||O|
|Trade Finance Program||3,665.37||3,291.30||C|
a Loan, grant or blend.
b G = grant cofinancing, O = official loan cofinancing.