Govt. To Spend $15 Million On Punjab Urban Development After ADB Approves Loan – Research Snipers

Govt. To Spend $15 Million On Punjab Urban Development After ADB Approves Loan

Earlier the Federal Government sent a proposal to Asian Development Bank (ADB) in order to approve a loan for urban development in Punjab. ADB has now approved a loan of $15 million that will be spent on seven cities of Punjab through a comprehensive plan the government has chalked out in urban development projects.

The cities include Rawalpindi, Sargodha, Dera Ghazi Khan, Multan, Bahawalpur, Muzaffargarh, and Rahim Yar Khan. The loan will be spent on conducting feasibility studies and exploring innovations to improve the quality of urban services in the above cities.

According to Senior Urban Development Specialist for Central and West Asia Jude Kohlhase, “The loan will be utilized to empower local governments to improve spatial and urban planning, conduct environmental assessments, prepare gender action plans, and devise climate-resilient designs for priority investments.”

Pakistan is currently facing mass urbanizations as the rural population is constantly moving towards urban cities in order to find jobs and raise the living standard.

Punjab’s Urban development currently facing challenges with 53% of the population having access to poor-quality water, wastewater and waste management, moreover, the population is also facing immense issues in traffic, lack of public transport and poor traffic management.

Read More: CDWP approves 6 projects worth Rs.10.3 billion

The ADB will help the government to integrate smart solutions to empower institutions; it will improve spatial and urban planning systems. The organization will also support land acquisition and resettlement plans along with feasibility studies and procurement documentation.

The upcoming projects in seven cities of Punjab are parallel to the government’s priorities for development focusing on providing safe water, an efficient system of water waste, urban transport systems, and a healthy living environment. The organization is focused on achieving prosperous, sustainable and resilient Asia Pacific while improving its efforts to get rid of poverty.

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