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ADB Approves $15 Million Loan for Pakistan

The Asian Development Bank (ADB) has approved a $15 million loan that will help seven cities in Punjab province in Pakistan design comprehensive investment and public service delivery plans in preparation for upcoming urban development projects.

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The Asian Development Bank (ADB) has approved a $15 million loan that will help seven cities in Punjab province in Pakistan design comprehensive investment and public service delivery plans in preparation for upcoming urban development projects.

The loan will fund the preparation of spatial master plans, detailed engineering designs, and operational business plans for proposed projects in the cities of Bahawalpur, Dera Ghazi Khan, Multan, Muzaffargarh, Rahim Yar Khan, Rawalpindi, and Sargodha. It will help to ensure a high level of readiness ahead of the ensuing Punjab urban development projects and complement ADB’s existing technical assistance to Pakistan to conduct feasibility studies and explore innovations to improve the quality of urban services.

“The Government of Punjab has taken a proactive role in tackling urban development challenges in the province,” said ADB Senior Urban Development Specialist for Central and West Asia Jude Kohlhase. “This loan will help the local governments improve spatial and urban planning, prepare environmental assessments, put in place gender action plans with a special focus on gender equality, and incorporate climate resilient designs for priority investments.”

Read more: Asian Development Bank shows faith in Pakistan’s Economy

Pakistan is going through a phase of rapid urbanization as people from the rural areas migrate in greater number within the country to seek jobs and other basic facilities of life. The challenges of urban development are prominent in cities in Punjab province, which account for 53% of Pakistan’s urban population. The province is confronted with a number of problems like the lack of clean drinking water, ineffective solid waste management and severe traffic issues because of lack of public transport and poor traffic management.

ADB will help in identifying integrated smart solutions to strengthen institutions’ urban and spatial planning systems. It will also support the preparation of land acquisition and resettlement plans, feasibility studies, and procurement documents. The upcoming projects are in line with the Pakistan government’s development priorities, which emphasize providing access to safe water, sanitation, urban transport, and a healthy living environment.

ADB which was Established in 1966, is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific while sustaining its efforts to eradicate extreme poverty. It has 68 members in total.

 

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