PROJECT

Projects

Summary of InfraVentures Project

Project Number

40217

Sponsor

Engro Corporate (780621)

Date SIVP Disclosed

Jan 5, 2018

Country

Pakistan

Region

Middle East

Last Updated Date

Sep 30, 2022

Industry

Infrastructure

Sector

Other (Including General Freight Trucking)

Department

CNGIV - Gbl Infrastructure & Natural Resources/Infraventures-Global Infra

Project Description

The project is the development and establishment of 3rd party temperature controlled logistic services in Pakistan, pursued in collaboration with Engro Corporation of Pakistan. IFC InfraVentures is expected to contribute $0.5 million to the development of the project in a first phase. The project would provide much needed cold chain logistics to the country, reducing considerable wastages in the agricultural and food industries and improve the overall quality of perishable produce for end-user consumption.

E & S Information

Assuming the development of the project is successful and it is implemented, the adverse E&S impacts and risks are expected to be few in number, to be site specific, reversible, and to be readily addressed through standard design criteria and internationally recognized mitigation measures. IFC InfraVentures funding will, amongst others, be used to finance the project’s Environmental and Social Impact Assessment (ESIA) and other environmental and social studies to ensure the project is designed, constructed, and operated in compliance with IFC Performance Standards.