ADB to finance urban regeneration PPP project in Pakistan

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The Asian Development Bank (ADB) has approved US$385 million in financing to help improve the livability and community health of five cities in Pakistan’s Khyber Pakhtunkhwa province. 

The Khyber Pakhtunkhwa Cities Improvement Project will include the construction of two clean water supply treatment facilities, three sewerage treatment facilities, and will rehabilitate dysfunctional tube wells in the cities of Abbottabad, Kohat, Mardan, Mingora, and Peshawar. More than 3.5 million people will benefit from improved access to clean and safe water, waste management and sanitation services, green urban spaces and urban facilities. 

ADB will provide a US$380 million loan and a US$5 million grant for the project,  while the Asian Infrastructure Investment Bank will provide co-financing of US$200 million. The Government of Pakistan is also investing US$65 million in the project.

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