ADB to okay $750 million financing for four projects

ADB to okay $750 million financing for four projects

ADB News

ISLAMABAD: Asian Development Bank (ADB) is all set to approve $750 million
soft financing to four mega projects including energy projects for Pakistan.

Country Director ADB, Dr. Werner E. Liepach has also said the bank would
approve financing next week for four projects namely Pehur High level
canal extension project, access to clean energy investment programme,
national disaster risk management fund and public-private partnership
investments in Sindh province.

“We have recommended four soft term loan projects worth $750 million
and these projects would be finally approved by ADB board in Manila next
week,” Dr. Werner E. Liepach also mentioned.

Under the energy project thousands of schools would be equipped with
solar system while under the disaster risk management fund initiative would
help reduce life and properties in case of any disaster like earthquake and would
be a model project, he further added.

He also appreciated the government for the implementing the development
project for welfare of people of the country.

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