Pakistan: Cofinancing | Asian Development Bank

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. 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
($ million)
Projectsa 16 5,607.04
 Grants 6 342.59
 Official loans 6 1,671.42
 Commercial cofinancing 5 3,593.03
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.