Pakistan to benefit from TA package

A provincial government in Pakistan and the Asian Development Bank (ADB) have approved a loan agreement for the provision of PPP technical assistance.

The ADB is providing $100m for the $219.6m initiative, with the Punjab government contributing another $100m and the UK’s Department for International Development (DFID) covering the remaining $19.6m.

Adrian Torres, principal financial sector specialist at the ADB's Central and West Asia Department, said: “ADB’s support will help the government identify and implement PPPs that deliver better value-for-money to the province.”

Technical assistance services, administered by the ADB, will consist of institutional capacity building for the Punjab province to identify PPP opportunities.

Torres added: “The Government of Punjab, with a growing pipeline of projects, is well placed to use PPPs to deliver better public infrastructure and service.”

The Punjab government has recently sought partners to design, build and finance a hospital in Johar Town, south-west Lahore.