Particle.news
Download on the App Store

Pakistan, ADB Sign Three Financing Deals for Rail, Transit and Water Projects

The financing targets project readiness to accelerate implementation.

Overview

  • The agreements cover $10 million in project readiness financing for the ML-1 KarachiRohri section, $3.8 million for Quetta BRT preparation, and $48 million in additional financing for the Balochistan Water Resources Development Sector project.
  • The deals were signed in Islamabad by the Secretary Economic Affairs, Secretary Railways Mazhar Ali Shah, and ADB Country Director Emma Fan.
  • Project readiness financing will fund preparatory work such as studies, designs, safeguards and procurement to move the rail and BRT projects toward implementation.
  • Officials from Pakistan thanked ADB for sustained support, while the ADB country director reaffirmed commitment to continued collaboration.
  • The government emphasized gains for connectivity and urban mobility as well as improved water management and agricultural productivity in Balochistan.