Grant of $15m approved by ADB for Punjab’s urban development

ISLAMABAD: To execute urban development projects across Punjab, the Asian Development Bank (ADB) has granted a loan of $15 million that will fund comprehensive investment and public service delivery plans in seven cities.

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The funds will be utilised for 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.

The loan was granted to address development issues caused by rapid urbanisation in Pakistan.

In addition, ADB Senior Urban Development Specialist for Central and West Asia Jude Kohlhase said, “this loan will help local governments improve spatial and urban planning, prepare environmental assessments, put in place gender action plans with special focus on gender equality and incorporate climate-resilient designs for priority investments.”

Furthermore, the ADB will also help identify integrated smart solutions to strengthen the institutions’ urban and spatial planning systems. It will also support the preparation of land acquisition and resettlement plans, feasibility studies and procurement documents.

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