Abb Takk News

ADB Approves $15 Million Loan For Pakistan

ISLAMABAD: The Asian Development Bank (ADB) will help the Punjab government to design comprehensive investment and public service delivery plans in preparation for upcoming urban development projects in seven districts of the province.

The $15 million loans for ‘Punjab Urban Development Projects’ announced by the ADB on Thursday will finance the preparation of comprehensive master plans for upstream project pipeline development, detailed engineering designs, operational business plans for priority investments, and support procurement readiness for the ensuing projects.

The project readiness financing loan will fund the preparation of spatial master plans for proposed projects in the cities of Bahawalpur, Dera Ghazi Khan, Multan, Muzaffargarh, Rahim Yar Khan, Rawalpindi, and Sargodha, a press release issued by the bank said.