30466 - QICT II

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Summary of Proposed Investment

Project Number

30466

Company Name

QASIM INTERNATIONAL CONTAINER TERMINAL PAKISTAN LIMITED

Date SPI Disclosed

Feb 28, 2011

Country

Pakistan

Industry

Infrastructure

Projected Board Date

Mar 30, 2011

Status

Completed

Sector

Port and Harbor Operations

Department

Regional Industry INF MCT

Environmental Category

B - Limited

Previous Events

Approved : Mar 30, 2011
Signed : Jun 2, 2011
Invested : Oct 13, 2011

Project Description

Qasim International Container Terminal Pakistan Ltd. (“QICT” or the “Company”) operates a container terminal at Port Qasim approximately 50 kilometers southeast of Karachi, Pakistan. QICT is the leading container terminal operator in Pakistan with a market share of 36% in 2009. The project consists of an inland container depot (“ICD”), a container freight station (“CFS”), and other capital expenditure requirements of QICT, which will help to improve transportation services in Pakistan. The ICD will be located near the industrial and agricultural center of Lahore and will enable upcountry customers to receive and deliver cargo from Lahore via rail, representing additional convenience and cost savings relative to trucking. The CFS and other capital expenditures will improve services and efficiency for QICT’s existing clients at Port Qasim.

Sponsor / Cost / Location

Product Line	IFC Investment (million USD)
Risk Management
Guarantee
Loan	10.0
Equity

Development Impact

The proposed IFC financing will help strengthen the transportation sector in Pakistan by improving transport logistics between Port Qasim and Lahore, efficiency levels at QICT's existing container terminal, and value-added CFS services at Port Qasim. The accompanied improvements in service levels, efficiency, and costs will benefit all port users including shipping lines, exporters, and importers. In addition, the long-term introduction of viable rail service between Port Qasim and Lahore will significantly reduce transport costs and emissions. The Project is expected to create new jobs and generate increased revenues for the Government of Pakistan through higher royalty and lease payments by the Company as well as higher taxes. IFC's financing will also send an important signal of support for sustainable Pakistani enterprises during the current challenging political and economic environment.

This is a Category B project according to IFC’s Procedure for Environmental and Social Review of Projects because a limited number of specific environmental impacts may result, which can be avoided or mitigated by adhering to generally recognized performance standards, guidelines or design criteria. Additional details on IFC''s review of this project may be found in the Environmental and Social Review Summary (“ESRS”) for the investment, which is also available on IFC''s website.

Contacts

For Inquiries About the Project, Contact

Mr. Shahid Iqbal Chief Financial Officer Qasim International Container Terminal Pakistan Limited Berths No. 5-7 Marginal Wharves Port Qasim Karachi - 75020 Pakistan. P.O.Box 6425 Tel: +92 21 4739052 Fax: +92 21 4730053 Email: Shahid.Iqbal@dpworld.com

For Inquiries and Comments About IFC, Contact

General IFC Inquiries IFC Corporate Relations 2121 Pennsylvania Avenue, NW Washington DC 20433 Telephone: 202-473-3800 Fax: 202-974-4384E Mail: Webmaster

Local Access of Project Documentation

Capt. Karamat Ali General Manager Health, Safety, Training & Environment Qasim International Container Terminal Pakistan Limited Berths No. 5-7 Marginal Wharves Port Qasim Karachi - 75020 Pakistan. P.O.Box 6425 Telephone: +92 21 4739100 Ext. 282

This Summary of Proposed Investment is prepared and distributed to the public in advance of the IFC Board of Directors' consideration of the proposed transaction. It is not an offer of shares to the public and is intended solely to enhance the transparency of IFC’s activities. This document should not be construed as presuming the outcome of the Board decision. Board dates are estimates only. The following SPI is disclosed in accordance with IFC’s Policy on Disclosure of Information that went into effect April 30, 2006.

The map is for illustrative purposes and does not imply the expression of any opinion on the part of the World Bank, concerning the legal status of any country or territory or concerning the delimitation of frontiers or boundaries. Country borders or names do not necessarily reflect the World Bank Group's official position. In some cases, available project location information is limited to the country of the project's activities. Locations are approximate.

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