Rawalpindi Ring Road scam: Govt preferred public-private partnership

National
May 16, 2021
ISLAMABAD: The Rawalpindi Ring Road controversy erupted because the government had refused to get a $400 million concessional loan from the Asian Infrastructure Investment Bank (AIIB) and preferred to construct it through half-baked public-private partnership, The News has learnt.
In a story published in this newspaper, this correspondent had written that “the AIIB committed $1 billion concessional loan for three important projects including $400 million for Rawalpindi Ring Road (RRR) project connecting the twin cities of Islamabad and Rawalpindi and two projects for Lahore including Waste Water Treatment and Urban/Environmental Development Project.
It had been written that “the talks with the AIIB were held in 2018 but now more than two years have passed and the AIIB may withdraw this loan facility. All relevant official documents available with The News revealed that three projects are in the pipeline but now things are quite unclear where no one exactly knows what would be the fate of these three projects”.

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