PESHAWAR – The Asian Development Bank (ADB) has approved $385 million to improve the livability and community health of five cities in the Khyber Pakhtunkhwa (KPK) province.
In a statement, the Manila-based lending agency said that the Khyber Pakhtunkhwa Cities Improvement Project will help to construct two clean water supply treatment facilities, three sewerage treatment facilities, and will rehabilitate dysfunctional tube wells.
“ADB will provide a $380 million loan and a $5 million grant, while the Asian Infrastructure Investment Bank (AIIB) will provide co-financing of $200 million, subject to the approval of their board of directors,” the statement said.
It also added to start several other subprojects in the cities of Abbottabad, Kohat, Mardan, Mingora, and Peshawar.
The Khyber Pakhtunkhwa Cities Improvement Project will upgrade important #urban infrastrcuture and services in the cities of #Abbottabad, #Kohat, #Mardan, #Mingora, and #Peshawar. https://t.co/SFJHArMcsn #KP #KPK #CMKP @CMKPUpdates @KPCIP1 @DCPeshawar @KohatDC @GovernmentKP
— ADBPakistan (@PakistanADB) December 10, 2021
Around 3.5 million people will benefit from improved access to clean and safe water, reliable and integrated waste management and sanitation services, green urban spaces, and gender-friendly urban facilities while 150,000 households will get new water connections.
The statement further added that the Pakistani province located in the northwestern region is becoming more exposed to health risks in wake of worsening municipal services and the impacts of climate change.
Strong, climate-resilient urban infrastructure combined with access to reliable services benefit people, the environment, and support sustainable development while this project will help address these challenges of urban centers in the province.
ADB Director General for Central and West Asia Yevgeniy Zhukov said ‘large urban projects are often delayed due to their inherent complexity and competing interests in limited urban space’.
He added that this project has used ADB’s project readiness financing facility to ensure detailed engineering design, safeguards assessments, and other critical preparatory work was completed in advance–a first for the central and west Asia region.
The project will also rehabilitate streets, parks, and nature trails, adding female-friendly urban facilities such as women’s sports complexes, family areas, and well-lit rest areas and toilets and will also support a scholarship program for qualified female students.
Pakistani currency remains unchanged against US Dollar and other currencies on April 25, 2024 Monday in open market.
US dollar was being quoted at 277.5 for buying and 280.5 for selling.
Euro comes down to 294 for buying and 297 for selling while British Pound hovers at 342.5 for buying, and 346 for selling.
UAE Dirham AED was at 75 and Saudi Riyal's new rate was at 73.30.
Currency | Symbol | Buying | Selling |
US Dollar | USD | 277.5 | 280.5 |
Euro | EUR | 294 | 297 |
UK Pound Sterling | GBP | 342.5 | 346 |
U.A.E Dirham | AED | 75 | 75.8 |
Saudi Riyal | SAR | 73.30 | 74 |
Australian Dollar | AUD | 181 | 182.8 |
Bahrain Dinar | BHD | 740.81 | 748.81 |
Canadian Dollar | CAD | 201 | 203.2 |
China Yuan | CNY | 38.45 | 38.85 |
Danish Krone | DKK | 39.93 | 40.33 |
Hong Kong Dollar | HKD | 35.55 | 35.9 |
Indian Rupee | INR | 3.34 | 3.45 |
Japanese Yen | JPY | 1.86 | 1.94 |
Kuwaiti Dinar | KWD | 903.61 | 912.61 |
Malaysian Ringgit | MYR | 58.28 | 58.88 |
New Zealand Dollar | NZD | 164.22 | 166.22 |
Norwegians Krone | NOK | 25.46 | 25.76 |
Omani Riyal | OMR | 723.48 | 731.48 |
Qatari Riyal | QAR | 76.52 | 77.22 |
Singapore Dollar | SGD | 204.5 | 206.5 |
Swedish Korona | SEK | 25.72 | 26.02 |
Swiss Franc | CHF | 305.43 | 307.93 |
Thai Bhat | THB | 7.51 | 7.66 |
Copyright ©2024. Reproduction of this website's content without express written permission from 'Daily Pakistan' is strictly prohibited.