ADB Approves 335m loan Peshawar Bus Project

ADB Approves 335m loan Peshawar Bus Project

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he board of directors of the Manila-based lending agency approved the loan for the construction of Khyber-Pakhtunkhwa’s first mass transit infrastructure at a total cost of $587 million.

In addition to the $335 million ADB loan, the K-P government – led by the Pakistan Tehreek-e-Insaf (PTI) – will obtain two other loans from two European financial institutions.

ISLAMABAD: The Asian Development Bank (ADB) on Friday approved a $335 million loan for building a sustainable urban transport system in Peshawar through the creation of the city’s first integrated Bus Rapid Transit (BRT) corridor.

The board of directors of the Manila-based lending agency approved the loan for the construction of Khyber-Pakhtunkhwa’s first mass transit infrastructure at a total cost of $587 million.

In addition to the $335 million ADB loan, the K-P government – led by the Pakistan Tehreek-e-Insaf (PTI) – will obtain two other loans from two European financial institutions.

https://tribune.com.pk/story/1447430/adb-approves-335m-loan-peshawar-bus-project/