Pakistan signs deal with World Bank
Islamabad: The Government of Pakistan and the World Bank have signed agreements of five projects, for a total amount of US$ 1,125 million, out of which an amount of US$ 35 million will be provided as a grant. The signing ceremony was held today in Economic Affairs Division. Dr. Waqar Masood Khan, Secretary, Economic Affairs Division on behalf of Government of Pakistan and Mr. Rachid Benmessaoud, Country Director of the World Bank signed the agreements.
(i) Tarbela 4th Extension Hydropower Project
An agreement has been signed with the World Bank for Tarbela 4th Extension Hydropower Project, wherein the World Bank will provide US$ 840 million. The objective of the project is to facilitate a sustainable expansion in Pakistan’s electricity generation capacity. This would be achieved through installing a 1,410 MW hydropower plant on Tarbela Dam with an already constructed tunnel.
The Project will also strengthen WAPDA’s capacity to develop the country’s hydropower resources. The major components include construction of power house and modification to the tunnel and the installation of turbines, generators, transformers and ancillary electro mechanical equipment.
The Project will contribute low cost non-carbon renewable energy of about 4,000 KWh annually. The average cost of electricity generated through the Project will be 2.49 cents/KWh. The project will also lay the foundation for a subsequent 5th extension of Tarbela Hydropower capacity.
(ii). Punjab Irrigated Agriculture Productivity Improvement Program Project
The World Bank will provide US$ 250 million IDA credit for the Project. The objective of the project is to improve productivity of water use in irrigated agriculture. This will be achieved through improved physical delivery efficiency and irrigation practices, crop diversification and effective application of inputs which will translate into greater agricultural output per unit of water used.
The main components of the project include installation of high efficiency irrigation system (like drip, bubbler, and sprinkler) over an area of about 120,000 acres, improvement of community irrigation system, improve agricultural technology and practices in the Punjab.
Multi-Donor Trust Fund Projects
(iii). Revitalization of Health Services in Crisis Affected Districts of Khyber Pakhtunkwa.
An MDTF grant amounting to US$ 16 million will be provided to revitalize and rehabilitate health services through Public-Private Partnership in the conflict affected districts of KPK. The Project will be implemented by the Health Department of KPK.
(iv). FATA Urban Center Project.
An MDTF grant of US$ 7 million will be provided to improve urban services and management in Khar and Bajaur Agency to develop a framework for urban management in FATA. FATA Secretariat will implement the project.
(v). FATA Rural Livelihood and Community Infrastructure Project.
An MDTF grant of US$ 12 million will be provided to improve livelihoods and access to basic service infrastructure in the Mohmand and Bajaur agencies in FATA and possibly in cluster of villages in southern agencies that are becoming accessible and where families are being facilitated by the Government to return and reestablish their livelihood.
For more information, contact:
Haji Ahmed Malik
Principal Information Officer
Press Information Department (PID)
Tel: +9251 925 2323 and +9251 925 2324
Fax: +9251 925 2325 and +9251 925 2326