Agreement signed with AIIB for Lahore Water & Wastewater Management Project

Government of PakistanAgreement signed with AIIB for Lahore Water & Wastewater Management Project

ISLAMABAD, Pakistan: The Signing Ceremony of Advance Loan Agreement worth US$ 1.6 million was held at the Ministry of Economic Affairs in Islamabad on Wednesday between the government of Pakistan and the Asian Infrastructure Investment Bank (AIIB) Lahore Water and Wastewater Management Project.

The Federal Minister for Economic Affairs Sardar Ayaz Sadiq witnessed the Signing Ceremony.

The Secretary Economic Affairs Division Dr. Kazim Niaz signed the agreement on behalf of the government of Pakistan and the Director General, Infrastructure Investment Department, Region 2, Asian Infrastructure Investment Bank Ms. Supee Teravaninthorn signed the agreement on behalf of the AIIB.

On the occasion, the Minister for Economic Affairs Sardar Ayaz Sadiq welcomed the AIIB delegation at the ministry and expressed gratitude for extending their continuous support to the government of Pakistan in its efforts to achieve the sustainable economic and social development of the Country.

The minister apprised the delegation that the project holds high importance to the City of Lahore as it will; ensure sustainable supply of safe water, reduce deteriorating environmental impacts due to untreated sewage disposal and deliver improved services to the general public thus help making it a financially strong entity.

The Preparatory Activities will comprise recruitment of two international PMCs, one each to support the engineering and design activities for the infrastructure components of the Project.

The PMCs will perform design reviews, finalize tender documents, help the Implementation Agency to undertake the tendering process, update the environmental and social assessments to take into account the planned land acquisition that will be completed after the independent valuation study has been carried out and verify that the necessary provision of occupational health and safety are incorporated, and assist the Implementation Agency to update the environmental and social management plans, during the technical designs’ review, for their inclusion in tender documents.

The Preparatory Activities will also support the incremental operating costs for hiring of relevant experts to support project implementation, office rental, transport and office expenditures.

The Secretary Economic Affairs Division Dr. Kazim Niaz expressed gratitude to the AIIB Team for extending their continuous support to the government of Pakistan to achieve National Development Goals.

Dr. Kazim Niaz also expressed hope that the preparatory advance shall lead to early signing and implementation of the main project aimed at ensuring sustainable supply of safe water and improvement of existing sewerage system by providing new trunk sewers/conduits thereby reducing educe deteriorating environmental impacts.

Mati
Mati
Mati-Ullah is the Online Editor For DND. He is the real man to handle the team around the Country and get news from them and provide to you instantly.

Must read

Recent News

Mr Imran Khan this was you who gave extension to former COAS alone instead of other chiefs

Mr Imran Khan this was you who gave an extension to former COAS alone...

0
Islamabad, Pakistan: The jailed former Prime Minister Imran Khan has said that the extension (of Army chief) made institutions weaker rather than making them...

Does close partnership between China and Pakistan provide immunity to attack Chinese citizens?

0
Islamabad, Pakistan: There is no doubt that Pakistan and China are close partners and iron brothers, united by a bond of mutual respect and...

Kidnapping of Pakistani youths in Thailand

0
Monitoring Desk: Two more young boys from Pakistan are kidnapped in Thailand but the government of Pakistan is silent over such incidents.The entire Pakistan,...
Pakistan Minority Forum

Pakistan Minority Forum Calls for Urgent Action on Minority Rights: “Promises Must Be Honored”

0
Sahiwal, Pakistan: A powerful seminar held at the Arts Council Sahiwal, hosted by the Sahiwal Minority Forum Pakistan, brought together prominent political and social...
“Ustad Bashiruddin- A Restrained Grace” and “Bleeding Borders”

“Ustad Bashiruddin- A Restrained Grace” and “Bleeding Borders”

0
Lahore, Pakistan: In connection with the celebrations marking 150 years of Mayo School of Arts and National College of Arts, Lahore, Pakistan, the opening...
Advertisement