The Independent Evaluation Department (IED) of the Asian Development Bank (ADB) has rated “Pakistan: Power Transmission Enhancement Investment Program (Tranche 4 and Multi-tranche Financing Facility)” successful, relevant and likely sustainable.
In its validation report, the IED stated that in 2006, ADB approved the Power Transmission Enhancement Investment Program, a multi-tranche financing facility (MFF), to partly finance an estimated $3.9 billion investment planned under the national transmission sector roadmap (2007–2017).
The maximum amount of the MFF was $800 million over a 10-year-period, with loans totalling $790 million for priority infrastructure subprojects under four tranches that represented 20 per cent of the needed investment and another $10 million loan for the investment program support project (e.g., technical assistance project) implemented concurrently with the MFF.
