Pakistan

KARACHI – Sindh Chief Minister Syed Murtad Ali Shah held an important meeting with a delegation from Asian Development Bank (ADB) and discussed enhancement of Public Private Partnership (PPP) on different projects.

The ADB delegation included Country Director Werner E. Liepach, Deputy Country Director Sunil Mitra, Head of Portfolio Ms Donneth Walton, Head of Urban Unit Shaukat Shafi, said a statement on Monday.

The CM Sindh was assisted by Chief Secretary Rizwan Memon, Chairman P&D M. Waseem, Secretary Finance Hassan Naqvi and PD Karachi Package Niaz Soomro.

In order to overcome the problem, the government with the support of ADB launched PPP mode of procurement for private sector participation to undertake investment in public sector projects, the CM said.

To address the significant infrastructure requirements in an efficient, cost-effective manner and to enable further private partnership in delivering infrastructure services, the Sindh government has requested the assistance of ADB to expand and improve PPP in province.

Under the project, ADB would support the Sindh government to develop a more financially sustainable and fiscally responsible PPP project portfolio.

The CM Sindh and the ADB country director also discussed $197.85 million Sindh Provincial Road Improvement Project under which six roads of 328 km would be rehabilitated.

The CM Sindh also urged the ADB country chief to finance and support red Line BRT project starting from Manghopir to Numaish, to which he agreed.

A committee in this regard has been constituted to discuss the execution of the financial and technical support. – APP