Peshawer: The government of Khyber Pakhtunkhwa (KP) has agreed to take a loan from the Asian Development Bank (ADB) for the local government department worth Rs99 billion.
The loan, which is expected to be the largest in the province’s history, will reportedly be used to boost living standards in five major cities, including Swat, Peshawar, Mardan, Abbottabad, and Kohat.
According to the info, the ADB has proposed a mega project in the selected cities to provide clean drinking water, sanitation facilities, and basic amenities. The regional development bank will provide Rs93.118 billion over the next five years, according to the agreement.
A separate $500 million loan has also been approved by ADB management for the provincial government.
The ‘Khyber Pakhtunkhwa Cities Improvement Project’ is the name of the project. The proposal calls for clean drinking water, improved sanitation, water treatment plants for reusing drainage, the establishment of landfill sites for waste disposal, and the construction of public parks.
The project’s key goal is to raise the living standards of the more than three million people who live in these cities.
According to an ADB survey, the initiative focuses on the most marginalized members of society and provides special scholarship and training programs for women living in specific districts.
According to the survey, Rs3.447 billion will be spent to set up a project management unit that will be completed in five years with the assistance of water and sanitation companies and Tehsil Municipal Administrations (TMAs).