Islamabad: Asian Infrastructure Investment Bank will finance 511.81 milliondollars for the infrastructural development in Pakistan.
Talking to APP, Chief Programming officer and Senior Adviser to thePresident Asian Infrastructure Investment Bank Konstantin Limitovskiy saidthe amount has been approved for the projects including National MotorwayM-4 , Tarbela Hydropower Extension Projects , Karachi Water and SewerageProject and Karachi Bus rapid transit projects,
The Senior Adviser to AIIB President said two more propose projects are inthe pipeline including Lahore Water and wastewater management project ofworth 400 million dollar and 402 million dollar Rawalpindi Rind Roadproject.
He said AIIB has rapidly enhanced investment portfolio in Pakistan which isclosely aligned with the country’s national development priorities.
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Replying to a question, he said that AIIB is a multilateral developmentBank having mandate of faster economic development and providingtransnational connectivity to the people for economic integration in theregional countries.
