Interest in major development projects financed by multilateral lending institutions such as the World Bank, the Asian Development Bank, and the Asian Infrastructure Investment Bank
Dr. Akhtar Gulfam Director News Dawn TV + Editor-in-chief Daily Dawn
LONDON: The European Investment Bank (EIB) has expressed interest in investing in the upgradation of the Karachi-Torkham (N-5) national highway, a major water project in Karachi, and the rehabilitation of a hydropower project in Khyber Pakhtunkhwa. has committed to providing 50 million euros in funding for
The EIB’s Asia-Pacific delegation, headed by Edvardas Bamastinas, has expressed interest in major development projects funded by multilateral lending institutions such as the World Bank, the Asian Development Bank, and the Asian Infrastructure Investment Bank.
Among the projects that the EIB has expressed interest in is the widening of the N5 highway, which aims to improve road connectivity and transport efficiency, particularly in flood-prone areas.
Apart from this, the delegation also expressed interest in water filtration and industrial water recycling projects in Karachi, which are important to tackle the water problems faced by the city.
