Wasa awaits soft loan for Rs14 bn sewerage project
National
April 20, 2021
LAHORE: The Punjab government on the request of Water and Sanitation Agency (Wasa) has asked the Economic Affairs Division for early processing of financial facility for the country’s first ever mega trenchless sewerage project worth Rs14 billion.
Asian Infrastructure Investment Bank (AIIB) has already committed a soft loan for laying a trenchless sewerage system from Larechs Colony to Gulshan-e-Ravi, Lahore. PC- I of the project was approved by ECNEC on 16 March, 2020 while pre-qualification of Project Management Consultant was completed in advance to save time.
The board approval by AIIB was expected in September, 2020, loan signing with AIIB was expected in October, 2020 and the award of work was expected by end of December, 2020. However, the project financing was delayed. Recently, Planning & Development Board Punjab wrote a letter (No. 4(46) ECA/P&D/20-I1) to the Economic Affairs Division, Islam