Non-sovereign projects: 50 percent of operations assessed successful in 2015-17: ADB

After no successful projects in 2014-16 and below par performance since 2010, Pakistan posted its best performance with 50 percent of operations assessed successful in 2015-17, says Asian Development Bank (ADB).
The ADB in its latest annual evaluation review 2018, ''''the quality of project design and preparation for efficiency and sustainability'''' stated that in 2017, 6 of 10 non-sovereign projects were found successful including two projects in Pakistan, ie, (i) construction of the first wind power plant in Pakistan under a new regulatory environment with the project''''s viability contributing to a subsequent expansion of the sector and (ii) large-scale hydropower viability for Pakistan.
The report further stated that technical assistance for the Turkmenistan-Afghanistan-Pakistan-India natural gas pipeline helped reduce political risk and is serving as a catalyst for private investments. The ADB has also facilitated government initiatives to export power to regional markets through the Turkmenistan-Uzbekistan-Tajikistan-Afghanistan-Pakistan-India electricity transmission lines.
The average efficiency level of the eight largest portfolios in 2010-17 (Bangladesh, China, India, Indonesia, Pakistan, Philippines, Sri Lanka, and Vietnam) was 70 percent, compared with 65 percent for other developing member countries (DMCs). This was an improvement over 2001-09 when the eight largest DMCs had an average efficiency level of 57 percent.
The People''''s Republic of China showed the highest level of efficiency and Pakistan the lowest in both periods. In 2010-17, the proportion of projects of the eight largest borrowers judged likely sustainable (70 percent) was higher than the proportion for the rest of ADB''''s DMCs (62 percent).
Completed projects in Vietnam showed the highest level of sustainability while projects in Pakistan showed the lowest level in 2001-09.