Blogs News Event Area Guide Careers Agencies Register Agency Corporate Login
Pakistan Property Portal, Website Post Property FREE
Pakistan Property Portal, Website Post Property FREE

ADB to lend $7 million for urban sector projects in K-P

Real Estate News
20 Mar 2019
ADB to lend $7 million for urban sector projects in K-P

ADB to lend $7 million for urban sector projects in K-P

ISLAMABAD: The Asian Development Bank (ADB) has approved the loan of $7 million for project readiness financing (PRF). The bank will also grant $2 million for PRF to assist the development and execution of urban sector projects in Khyber Pakhtunkhwa.

ADB will provide the amount under the Urban Climate Change Resilience Trust Fund that was established by the end of 2013. The bank established UCCRTF with the financial assistance of the UK, US, Switzerland, and Rockefeller.

Project readiness financing will facilitate the K-P government to speed up infrastructure development across the province. It will help Abbottabad, Kohat, Mardan, and Peshawar to have enhanced public urban spaces, and transport facilities through municipal infrastructure.

In its press release, ADB declared the financial support for Khyber Pakhtunkhwa Cities Improvement Project (KPCIP).

Yong Ye endorsed Pakistan’s Government by stating that the finance will benefit Pakistan to enhance its portfolio by lessening the project cost. It will also accelerate the implementation, ADB’s Director for the Central and West Asia Department’s Urban Division further added.

Secretary K-P Planning and Development Arif Rehman also said that the improvement project would incite economic growth. People will enjoy improved living standard because of reduced traveling time, fewer expenses and tremendous opportunities, he added.

The UCCRTF assists medium-sized Asian cities in minimizing the vulnerability of weak cities. The initiative will help medium to small size cities to put their role in economic development. It will improve locals life along with the spur in properties cost due to enhanced infrastructure and transportation facilities.

ADB’s visit to Pakistan

A delegation of ADB in the representation of Director General for Central West Asia Department Werner Liepach visited Pakistan on Monday. The Development Minister Bakhtayar briefed the delegation over Pakistan’s plan to develop intermediate cities.  


For more industry related news and tips, keep visiting Ilaan blog and news.  

Get ilaan App
Get ilaan App

To Buy, Sell & Rent properties on your
finger tips.

Get ilaan App
Get ilaan App
premium property portal to buy,sell and rent

The best property website to buy and sell properties. is Pakistan’s most comprehensive property website, portal, finder focused on improving the visual property viewing experience of users to help them make better-informed decisions regarding capital investment in the real estate sector.

Grab a Coffee

Head office26-A, J3 Block, Johar Town,
Lahore Pakistan
Karachi officeOffice # 103-104, 1st Floor, Amber Estate, Shahrah-e-Faisal,
Karachi, Pakistan
Timings Monday - Saturday: 9 am - 6 pm
Sunday: We are closed.

Call Us


Get Updated


To get the latest news about subscribe our newsletter.

Get my Location