ADB approved fund for BRI Karachi
This ADB support will enhance access to quality public transport for people in Karachi, Pakistan’s largest and most populated city.
The Karachi Bus Rapid Transit Red Line Project will deliver the 26.6-kilometer (km) Bus Rapid Transit Line Red Line corridor and associated facilities benefiting as many as 1.5 million people, about 10% of Karachi’s population, who live within a kilometer of a Red Line BRT station.
Passengers Transportation facility
More than 300,000 passengers per day are expected on the Red Line BRT routes.
ADB will partially administer two $100 million loans from the Asian Infrastructure Investment Bank and the Agence Française de Développement to jointly finance the project’s civil works and equipment costs.
Environment Friendly Transportation system
ADB Principal Urban Development Specialist (Transport) for Central and West Asia David Margonsztern said, “There is a need for a more sustainable, reliable, safe, and gender and environment-friendly transportation system in a city as dense and rapidly growing as Karachi.”
He added that a sustainable transportation system will not only solve the city’s mobility issue but also its growing pollution problem.
David said, “The BRT system, with its innovative features, will address all these issues, improving the overall quality of lives of people in the city.”
Green Climate Fund GCF
ADB will also administer a $37.2 million loan and an $11.8 million grant from the Green Climate Fund (GCF).
The GCF grant will finance climate change adaptation measures, including innovative drainage features such as bioswales (landscape elements designed to concentrate or remove debris and pollution out of surface runoff water); post-project emissions’ monitoring activities; and feeder e-vehicles.
The GCF loan, meanwhile, will finance the biogas plant and the incremental cost of the transition from basic diesel bus technology to compressed natural gas hybrid bus technology, with the biomethane extracted from cattle waste.