ISLAMABAD: The Asian Development Bank (ADB) has approved a $250 million policy-based loan to help Pakistan drive sustainable investments in infrastructure and services through public-private partnerships (PPPs).
ADB’s program supports reforms that will increase the absorptive capacity of PPP infrastructure investments by creating a more robust and integrated legal and institutional framework for public investment management and public financial management for PPPs.
The program supports implementation of an integrated PPP policy. The reforms will facilitate efficient infrastructure planning and promote sustainable development practices in infrastructure projects, such as climate risk screening and gender considerations in project feasibility assessments and PPP contracts.
“Mobilizing private finance through PPPs can help to bridge the financing gap in public sector infrastructure projects—which is vital,” said ADB Economist Sana Masood, adding the program would help ensure PPPs in Pakistan were structured correctly and implemented effectively in order to deliver more efficiency, innovation, and value for money.
