ISLAMABAD – The Asian Infrastructure Investment Bank is set to announcetoday whether it will be “investing” one billion dollars in Pakistan fortransport, urban, rural water and energy projects.
A press conference is scheduled for Thursday afternoon in Islamabad. Thenew projects under consideration are in Karachi, Rawalpindi, and Lahore.
The bank has already unveiled its thinking in an Asian infrastructurereport for 2019 titled ‘Bridging Borders: Infrastructure to Connect Asiaand Beyond’. Its representatives are expected to provide more informationon Pakistan at the press conference.
The AIIB is a relatively new player as it was launched in 2016. It is amultilateral development bank like the Asian Development Bank and WorldBank.
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The AIIB says it has already “invested” $400 million in two projects inPakistan. Government data on how much has been given in foreign economicassistance for 2018-19 shows that the AIIB has given Pakistan loans forthese projects so far:
Motorway-M4 Shorkot-Khanewal Section (NHA)Rehabilitation of Existing Carriageway DI Khan-Saraigumbel Section (NHA)Rehabilitation of Existing Carriageway Rajanpur-DG Khan Section (NHA)Rehabilitation of Existing Carriageway Sehwan-Ratodero (NHA)Tarbela 5th Extension HPP (1410) MW) Swabi (Wapda)
