{"id":96540,"date":"2024-02-29T11:38:33","date_gmt":"2024-02-29T06:38:33","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=96540"},"modified":"2024-02-29T11:38:34","modified_gmt":"2024-02-29T06:38:34","slug":"sindh-barrages-project-gets-wb-extra-support","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/sindh-barrages-project-gets-wb-extra-support.html","title":{"rendered":"WB to extend additional USD 72mn for Sindh Barrages project"},"content":{"rendered":"\n<p>Islamabad: The World Bank (WB) is currently mulling over the provision of additional financing totalling around USD 72 million to address funding shortfalls within the ambit of the \u201cSindh Barrages Improvement Project\u201d, as reported in a news article on February 28.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/extension-sought-prr-project-renewal.html\" target=\"_blank\" rel=\"noreferrer noopener\">Pak seeks WB extension in PRR Project renewal<\/a><\/p>\n\n\n\n<p>According to the details in the official documents, the WB\u2019s Board of Executive Directors is slated to deliberate on the matter of &#8216;Second Additional Financing (AF) for the Sindh Barrages Improvement Project&#8217; in the coming month. The primary objective of this financing extension is to enhance the reliability and safety standards of the Guddu barrage, while simultaneously bolstering the operational and managerial capacities of the Sindh Irrigation Department in overseeing the barrage&#8217;s functions.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/dasu-hydropower-plant-gop-looks-for-extension.html\" target=\"_blank\" rel=\"noreferrer noopener\">Dasu Hydropower Plant: Pak seeks extension in WB\u2019s loan deadline<\/a><\/p>\n\n\n\n<p>The \u201cSindh Barrages Improvement Project\u201d, originally valued at USD 326.6 million, currently encounters a financing shortfall of approximately USD 72 million. To fulfil contractual obligations in the foreseeable future, the project will necessitate either counterpart funding from the government of Sindh or additional funding from the International Development Association (IDA). The WB records indicate that due to cumulative delays, the completion of works at Guddu and Sukkur barrages will exceed the current project closing date of June 30, 2024.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The World Bank (WB) is currently mulling over the provision of additional financing totalling around USD 72 million to address funding shortfalls within the ambit of the \u201cSindh Barrages Improvement Project\u201d, as reported in a news article on February 28. Read: Pak seeks WB extension in PRR Project renewal According to the details in the official documents, the WB\u2019s Board of Executive Directors is slated to deliberate on the matter of &#8216;Second Additional Financing (AF) for the Sindh Barrages Improvement Project&#8217; in the coming month. The primary objective of this financing extension is to enhance the reliability and safety standards of the Guddu barrage, while simultaneously bolstering the operational and managerial capacities of the Sindh Irrigation Department in overseeing the barrage&#8217;s functions. Read: Dasu Hydropower Plant: Pak seeks extension in WB\u2019s loan deadline The \u201cSindh Barrages Improvement Project\u201d, originally valued at USD 326.6 million, currently encounters a financing shortfall of approximately USD 72 million. To fulfil contractual obligations in the foreseeable future, the project will necessitate either counterpart funding from the government of Sindh or additional funding from the International Development Association (IDA). The WB records indicate that due to cumulative delays, the completion of works at Guddu and&hellip;<\/p>\n","protected":false},"author":88,"featured_media":62276,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15017],"tags":[57989,21890,57987],"persona":[],"class_list":{"0":"post-96540","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-sindh-barrages-project-updates","9":"tag-world-bank-wb","10":"tag-world-bank-news-and-updates","11":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Sindh Barrages Project Gets WB&#039;s Extra Support - Zameen News<\/title>\n<meta name=\"description\" content=\"The World Bank is considering an additional USD 72 million in funding for the Sindh Barrages Improvement Project.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/sindh-barrages-project-gets-wb-extra-support.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sindh Barrages Project Gets WB&#039;s Extra Support - Zameen News\" \/>\n<meta property=\"og:description\" content=\"The World Bank is considering an additional USD 72 million in funding for the Sindh Barrages Improvement Project.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/sindh-barrages-project-gets-wb-extra-support.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ZameenPK\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-29T06:38:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-29T06:38:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/03\/WB.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1170\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Muhammad Zohaib Nasir\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:site\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Muhammad Zohaib Nasir\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Sindh Barrages Project Gets WB's Extra Support - Zameen News","description":"The World Bank is considering an additional USD 72 million in funding for the Sindh Barrages Improvement Project.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.zameen.com\/news\/sindh-barrages-project-gets-wb-extra-support.html","og_locale":"en_US","og_type":"article","og_title":"Sindh Barrages Project Gets WB's Extra Support - Zameen News","og_description":"The World Bank is considering an additional USD 72 million in funding for the Sindh Barrages Improvement Project.","og_url":"https:\/\/www.zameen.com\/news\/sindh-barrages-project-gets-wb-extra-support.html","og_site_name":"Pakistan Real Estate News &amp; 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