Thimphu Parking Project

completed

IFC will provide transaction advisory support to the Thimphu Thromde (formerly known as Thimphu City Corporation) to assist in the implementation of a greenfield off-street multi-level parking facility project under a Public Private Partnership scheme, which involves the construction and operation of a parking facility in Thimphu by a competitively selected private sector developer. The project is a critical enabler for the Thimphu Bus Rapid Transit System project which will reduce the traffic congestion in Thimphu. IFC will conduct its mandate in two phases. In phase one, IFC will carry out the technical, commercial, legal and regulatory due diligence for the project, and will present the proposed transaction structure to the Thimphu Thromde. As part of phase two, IFC will assist the Thimphu Thromde, upon approval of the proposed transaction structure, in implementing an open and transparent competitive bid to select a private developer for the project.