Summary of Proposed Investment
Project Number
11646
Company Name
PAKISTAN INTERNATIONAL AIRLINES CORPORATION
Date SPI Disclosed
Oct 11, 2002
Country
Pakistan
Industry
Infrastructure
Projected Board Date
Nov 19, 2002
Status
Completed
Sector
Port and Harbor Operations
Department
Gbl Infrastructure & Natural Resources
Environmental Category
B - Limited
Previous Events
Approved : Nov 20, 2002
Signed : May 17, 2003
Invested : Dec 16, 2003
Project Description
PMS will incorporate the project company to manage and operate the container terminal, with Hamburg Port as the other major shareholder. The project involves acquiring container handling equipment (including two quay cranes) and undertaking a civil works program to improve the container yard and build workshops.
The project is expected to improve container handling efficiency and to have a positive developmental impact by lowering transport costs and providing higher service levels for users of the port.
IFC''s role in the project is to provide long term financing which is not available in Pakistan, and catalyze interest from other lenders and strategic investors.
The project is expected to improve container handling efficiency and to have a positive developmental impact by lowering transport costs and providing higher service levels for users of the port.
IFC''s role in the project is to provide long term financing which is not available in Pakistan, and catalyze interest from other lenders and strategic investors.
Sponsor / Cost / Location
Development Impact
Related ESRS/ERS
Contacts
For Inquiries About the Project, Contact
Mr. Aasim Siddiqui
Premier Mercantile Services Ltd
2nd FloorBusiness Center
Mumtaz Hassan Road
Karachi 74000
Pakistan
Premier Mercantile Services Ltd
2nd FloorBusiness Center
Mumtaz Hassan Road
Karachi 74000
Pakistan