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.

invest with imarat

Islamabad’s emerging city centre

Learn More

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.

For news and blogs, visit Graana.com.

Maham Tahir

Recent Posts

Shingrai Waterfall: Your Ultimate Adventure Destination

Swat, famously known as the "Switzerland of Pakistan," is a land of mesmerizing beauty. It is…

2 days ago

Top 5 Reasons Why Millennials Are Investing in Real Estate

Millennials, often referred to as the “financially cautious generation,” are reshaping the investment landscape. Known…

3 days ago

IMARAT Group’s First Restaurant, Graanic Launches Organic Dining Experience at Mall of IMARAT

Graanic, Pakistan's premier organic food brand, has officially launched its new restaurant at Mall of…

3 days ago

Madyan Swat: The Ultimate Travel Guide

If you’re looking for a destination that combines breathtaking views, a peaceful ambiance, and unforgettable…

3 days ago

Real Estate Wealth Management: Trends and Insights for 2025

The real estate sector in Pakistan is undergoing significant transformations, and wealth management strategies are…

4 days ago

Federal Government’s Rental Rate Increase Hits Commercial Properties Nationwide

December 19, 2024— In a significant move, the federal government has announced an increase in…

4 days ago