PROJECT

Projects

Summary of Investment Information

Project Number

33292

Company Name

DAEWOO PAKISTAN EXPRESS BUS SERVICE LIMITED

Date SPI Disclosed

Aug 22, 2013

Country

Pakistan

Region

Middle East

Projected Board Date

Sep 23, 2013

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Sep 4, 2024

Department

Regional Industry INF MCT

Industry

Infrastructure

Previous Events

Approved : Dec 19, 2013
Signed : Mar 27, 2014
Invested : Aug 11, 2014

Sector

Transit and Ground Passenger Transporation

Project Description

IFC is considering an investment in Daewoo Pakistan Express Bus Service Ltd (“DPEBSL” or the “Company”), a leading intercity bus service provider in Pakistan. DPEBSL has 4 lines of business as follows: (i) intercity bus service, (ii) city bus service, (iii) cargo operation and (iv) media sales and real estate services. This investment will be used to grow DPEBSL’s intercity bus operation, upgrade terminal network, improve IT infrastructure, develop cargo business, as well as repay part of the current debt at the holding level.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation