The Asian Development Bank (ADB) has approved an additional $80.75 million
CategoriesNews

ISLAMABAD: The Asian Development Bank (ADB) has approved an additional $80.75 million (Rs 22.47 billion) for the Sindh Emergency Flood Assistance Project (EFAP), raising total project funding to $280.47 million (Rs 78.04 billion).

Launched after the 2022 floods, EFAP focuses on rebuilding irrigation, drainage, and flood protection systems while strengthening disaster resilience. Of the new funding, $54.42 million will go to civil works, with overall project progress reported at 43.9%.

So far, $135.33 million has been disbursed, though officials note delays due to contract disputes, land issues, and material shortages. ADB says the fresh allocation will speed up work in flood-prone districts and enhance Sindh’s long-term preparedness against climate-related risks.

Leave a Reply

Your email address will not be published. Required fields are marked *

Newsletter

Get latest news & update

    White Logo Chakor Ventures

    CHAKOR VENTURES (PRIVATE) LIMITED
    Sarran Plaza, Plot No 3, Street No 40, Commercial, F-10/4, Islamabad 44000, Pakistan.

    Follow us:

    about us

    Committed to HEIGHTS – Chakor Ventures know how to take property investments to a level where innovation meets luxury; our creative community is committed to excellence in every aspect of our services. We stand for quality that comes with dependability; we build the future you deserve.

    © 2025 – Chakor Ventures. All rights reserved.