World Bank to help build modern water, power infrastructure
ISLAMABAD: The World Bank has agreed to provide $565 million to Pakistan to help build modern water and power infrastructure and remove supply bottlenecks on an urgent basis at a total cost of $688m.
The loan agreements were signed on behalf of the government of Pakistan by Secretary Economic Affairs Division Syed Ghazanfar Abbas Jilani while representatives of the government of Sindh and National Transmission Despatch Company (NTDC) signed the agreements of their respective projects and Patchamuthu Illangovan, Country Director, on behalf of the World Bank.
Under the agreements, the World Bank will provide $565m, including $425m for the NTDC and $140m for the Sindh government.
Published in Dawn, 14th June, 2018