PID

PR No. 272 ASIAN DEVELOPMENT BANK TO PROVIDE US$ 197.85 MILLION FOR SINDH PROVINCIAL ROADS IMPROVEMENT PROJECT Islamabad

Finance Minister Senator Mohammad Ishaq Dar, witnessed the signing ceremony between the Government of Pakistan and Asian Development Bank (ADB) for a Loan agreement of US $ 197.85 million for Sindh Provincial Roads Improvement Project here today.

The loan agreement was signed by Asian Development Bank’s Country Director, Asian Development Bank (ADB) Mr. Werner E. Liepach and Secretary Economic Affairs Division Mr. Tariq Bajwa.

Speaking on the occasion, the Finance Minister thanked ADB for providing vital support to Pakistan particularly in the transport, energy and irrigation sectors. He assured Pakistan’s commitment to mobilize all possible resources for improvingand developing transport sector and inter-provincial linkages for enhanced local connectivity. He mentioned that connectivity will generate economic activity for the progress of people of Sindh.

The project will help in rehabilitation and upgradation of roads in Sindh, particularly in Sanghar, Mirpur Khas, Badin, and Kashmore districts. In addition, it will also serve to strengthen the institutional capacity of Works and Services Department, Government of Sindh in project management, road planning and maintenance as well as in ensuring road safety.

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