Table of Contents

KP to Borrow Funds for Urban Development Schemes

Peshawar: The Khyber Pakhtunkhwa (KP) administration has planned to obtain USD 500 million from the Asian Development Bank (ADB) to fund urban development projects in a number of districts.

Read More: IMF Chief Says Pakistan Needs to Tax the Rich and Protect the Poor

The funding will be used for development initiatives in the districts of DI-Khan, Bannu, Swat, and others. The funding will also be used for the building of BRT feeder lines, Khyber Road, and the improvement of transportation services in Swat and Abbottabad.

For sanitation and sewage facilities in Peshawar, Kohat, Abbottabad, Swat, and Mardan, the KP government has already requested a USD 602 million loan. The following is a breakdown of the many projects to be undertaken with the loan:

The initiative seeks USD 200 million for sanitation and sewage water projects in the higher tehsils of Swat and selected cities of the Hazara division, including DI Khan and Bannu.

The 2023 Bus Rapid Transit (BRT) initiative for Abbottabad and Mingora will cost USD 200 million.

The development of BRT Peshawar feeder lines, including Khyber Road and Warsak Road, will cost $100 million.

Read More: TDAP, Sindh Government to Revive Hyderabad Expo Centre

In addition, once the loans are granted in 2023, the province government’s overall debt will exceed 810 million USD, or 127 billion PKR. The provincial government has already created a PC-1 for the existing projects, and if the finance for the additional projects is authorised, a second PC-1 would be issued.

The loans are anticipated to be authorised in 2024, at which point the projects will be initiated. In addition, the province government anticipates reaching an agreement on project-ready financing by September 2021.

For more information, please get in touch with Al Sadat Marketing.

You can also invest in other famous and most in demand housing societies, such as , Blue World CityRudn Enclave, 7 Wonders City Peshawar, Taj Residencia, Kingdom ValleyNew Metro City Gujar Khan, Forest Town Rawalpindi, University Town Rawalpindi, ICHS Town, Park View City Islamabad, Multi Gardens B17 Islamabad and Nova City Islamabad.

Al Sadat Marketing please contact 0331 1110005 or visit https://alsadatmarketing.com/

Few more real estate housing schemes which are trending now a days in Islamabad by including: Faisal Town Phase 2, Prism Town Gujar Khan, New City Paradise, Eighteen Islamabad, 7 Wonders City Islamabad, Capital Smart CitySilver City Islamabad, The Life ResidenciaFaisal Town Islamabad, Islamabad Golf City, Islamabad Model Town and Marble Arch Enclave.

Al Sadat Marketing is an emerging Real Estate Agency headquartered in Islamabad, Pakistan. With over 10+ Years of experience, Al Sadat Marketing is providing its services and dealing all trending housing societies projects in different cities of Pakistan. Islamabad Projects, Rawalpindi Projects, Gujar Khan Projects, Burhan Projects, and Peshawar Projects etc.

Book Your Plot Now: +92 331 111 0005

Tags :

Share :

About Author
About Author

Syed Sadat Hussain Shah

Talk to Us!

Latest Posts

Categories

Leave a Reply

Your email address will not be published. Required fields are marked *