ISLAMABAD: The Asian Infrastructure Investment Bank (AIIB) has decided toinvest more than $1 billion in the infrastructure projects related totransport, urban and rural water, and energy sectors of Pakistan.
AIIB Head of Communication & Development and Chief Economist LaurelOstfield, in an interaction with media on Thursday, said that the bank wasgiving funds for sustainable infrastructure and cross-border connectivity,and to mobilise private capital projects in Pakistan. “In line with ourpriorities, AIIB is considering investing more than $1 billion ininfrastructure, urban and rural water, and energy sectors,” she added.
She informed that four projects under consideration included the $100million Karachi Bus Rapid Transit Project, $402 million Rawalpindi RingRoad Project, $400 million Lahore Water and Wastewater Management Projectand $160 million for the Karachi Water and Sewer Services Project.
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Ostfield said AIIB’s Board of Directors has also approved $100 million forthe National Motorway M-4 Project and $300 million Tarbela 5 HydropowerExtension Project.
