The TA was initially to (i) rationalize KPT's current business strategy and future investment plans; and (ii) build its financial planning and forecasting capacity. In addition, the TA was to prepare a 5-year business plan and 15-year financial projections of KPT to further update KHC's initial feasibility study (FS) prepared by KPT's Technical Consultants in 2008. Following the early fact finding and due diligence missions, it was decided to rescope the TA by focusing on the bankability of the KHC project on a non-recourse, limited recourse, or full recourse basis.
|Project Name||Karachi Port Trust|
|Project Type / Modality of Assistance||Technical Assistance
|Source of Funding / Amount||
|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||The TA was initially to (i) rationalize KPT's current business strategy and future investment plans; and (ii) build its financial planning and forecasting capacity. In addition, the TA was to prepare a 5-year business plan and 15-year financial projections of KPT to further update KHC's initial feasibility study (FS) prepared by KPT's Technical Consultants in 2008. Following the early fact finding and due diligence missions, it was decided to rescope the TA by focusing on the bankability of the KHC project on a non-recourse, limited recourse, or full recourse basis.|
|Project Rationale and Linkage to Country/Regional Strategy||The TA will help establish the bankability of the Karachi Harbor Crossing Project.|
|Impact||Improved efficiency of Karachi Port operations.|
|Description of Outcome||Established bankability of the Karachi Harbor Crossing Project.|
|Progress Toward Outcome||The consulting services for the corporate strategy study and financial analysis of the Karachi Port Trust (KPT) are ongoing/on track.|
|Description of Project Outputs||
KPT credit analysis
15-year and 30-year corporate finance and project finance models
Detailed outline of KPT's multi-year Investment Strategy and Business Plan
Report on KHC's bankability structured as KPT corporate finance or KHC project finance under different KPT and KHC growth scenarios and PPP modalities
|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.
Summary of Environmental and Social Aspects
|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.|
|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).|
|Responsible ADB Officer||Pladet, Roland C.J.|
|Responsible ADB Department||Central and West Asia Department|
|Responsible ADB Division||Transport and Communications Division, CWRD|
Karachi Port Trust
Eduljee Dinshaw Road Karachi-74000
|Approval||20 Dec 2010|
|Last Review Mission||-|
|Last PDS Update||02 Sep 2011|
|Approval||Signing Date||Effectivity Date||Closing|
|20 Dec 2010||-||20 Dec 2010||30 Sep 2011||30 Jun 2014||-|
|Financing Plan/TA Utilization||Cumulative Disbursements|
|225,000.00||0.00||0.00||0.00||0.00||0.00||225,000.00||20 Dec 2010||120,486.56|
Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.
The Public Communications Policy (PCP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.
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|Title||Document Type||Document Date|
|Karachi Port Trust: Technical Assistance Completion Report||TA Completion Reports||Aug 2016|
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.
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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