KARACHI: The Asian Development Bank (ADB) will provide soft loan of dollars 400 million to Government of Sindh for post-flood infrastructure development.
"Emergency funds are being sought from ADB and we had continuous marathon session with the Bank officials keep the work on fast track," said Kaiser Bengali, Advisor to Chief Minister Sindh for Planning and Development here on Thursday.
Addressing a press conference, he said that the loan of ADB will be reimbursed softly and added that the agreement in this regard will be signed by the Economic Affairs Division of the Ministry of Finance shortly.
He said that 39 schemes already launched will be completed within 3- month to pre-empt any damage which may be caused another floods in the coming months.
Further elaborating, he said that small breaches could cause major problems for the already re-located people and added that Khyber-Pakhtoonkhawa and NHA will also have additional funds from ADB in this regard through the Federal Government.
Kaiser said that the funds will help improve the irrigation and road system of the province and added that the provincial government had already released funds for the rehabilitation of the people and infrastructure projects which will later be reimbursed by the Federal Government.
He said that the Turkish, Iranian Government and USAID were working in collaboration with the Government of Sindh to improve the infrastructure problems in the province.
Besides, he said that 70 filter plants have been installed while there was plan to extend the programme to install 1,000 water filter plants which will help provide hygienic water to the flood affected people.
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