{"id":99072,"date":"2024-09-09T12:20:16","date_gmt":"2024-09-09T07:20:16","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=99072"},"modified":"2024-09-09T12:20:18","modified_gmt":"2024-09-09T07:20:18","slug":"govt-shares-12-projects-with-eib","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/govt-shares-12-projects-with-eib.html","title":{"rendered":"Pak seeks European Investment Bank&#8217;s funding for N-5, other projects"},"content":{"rendered":"\n<p>Islamabad: The Government of Pakistan has submitted a proposal for co-financing 12 key development projects to the European Investment Bank (EIB), including N-5 Road, as reported on September 9.\u00a0<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/china-calls-for-rmb-pilot-project-in-gwadar.html\" target=\"_blank\" rel=\"noreferrer noopener\">China calls for RMB pilot project in Gwadar to cut forex costs<\/a><\/p>\n\n\n\n<p>As per details, the EIB delegation, led by Head of Division for Asia and Pacific Edvardas Bumsteinas has shown significant interest in these initiatives. During a strategic discussion with the EIB delegation, the Ministry of Economic Affairs, led by the Federal Minister for Economic Affairs, underscored the importance of this visit in fostering closer collaboration between Pakistan and the EIB. The minister highlighted that the EIB\u2019s focus on high-impact investments in climate action, water, energy, and transport aligns with Pakistan\u2019s developmental priorities.<\/p>\n\n\n\n<p>The EIB has already committed EUR 50 million to the Rehabilitation of the Warsak Hydro Power Project, a move the minister praised as crucial for restoring the plant&#8217;s operational capacity. The delegation expressed interest in various other projects, including those supported by the World Bank, Asian Development Bank (ADB), and Asian Infrastructure Investment Bank (AIIB).<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/reko-diq-saudi-arabia-talks-final-phase.html\" target=\"_blank\" rel=\"noreferrer noopener\">Reko Diq Copper-Gold Project: Saudi Fund negotiations reach final stage<\/a><\/p>\n\n\n\n<p>Key projects under consideration include the N-5 road widening initiative aimed at enhancing transportation efficiency in flood-affected regions, and urban water management projects in Karachi, focusing on water filtration and industrial recycling. Additionally, the EIB is interested in renewable and hydropower energy projects, reflecting a global shift towards sustainable energy solutions.<\/p>\n\n\n\n<p>The minister also encouraged the EIB to consider providing technical and financial support to National Transmission Dispatch Company (NTDC) and Pakistan Railways to bolster the country\u2019s infrastructure.<\/p>\n\n\n\n<p>In a technical session chaired by Kazim Niaz, Secretary of the Ministry of Economic Affairs, the list of 12 potential projects was thoroughly reviewed. The minister expressed optimism that the EIB would support these critical initiatives to advance Pakistan\u2019s development goals.<\/p>\n\n\n\n<p><strong>Read:<\/strong><a href=\"https:\/\/www.zameen.com\/news\/cdwp-approves-eight-development-projects.html\"> Eigh<\/a><a href=\"https:\/\/www.zameen.com\/news\/cdwp-approves-eight-development-projects.html\" target=\"_blank\" rel=\"noreferrer noopener\">t pro<\/a><a href=\"https:\/\/www.zameen.com\/news\/cdwp-approves-eight-development-projects.html\">jects worth PKR 144 bn get CDWP\u2019s approval<\/a><\/p>\n\n\n\n<p>Edvardas Bumsteinas indicated that these projects will be reviewed at the EIB\u2019s headquarters to explore funding opportunities. The minister concluded by thanking the EU Ambassador and the Head of Cooperation for their ongoing support and reaffirmed Pakistan\u2019s commitment to ensuring the effective use of EIB assistance.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Government of Pakistan has submitted a proposal for co-financing 12 key development projects to the European Investment Bank (EIB), including N-5 Road, as reported on September 9.\u00a0 Read: China calls for RMB pilot project in Gwadar to cut forex costs As per details, the EIB delegation, led by Head of Division for Asia and Pacific Edvardas Bumsteinas has shown significant interest in these initiatives. During a strategic discussion with the EIB delegation, the Ministry of Economic Affairs, led by the Federal Minister for Economic Affairs, underscored the importance of this visit in fostering closer collaboration between Pakistan and the EIB. The minister highlighted that the EIB\u2019s focus on high-impact investments in climate action, water, energy, and transport aligns with Pakistan\u2019s developmental priorities. The EIB has already committed EUR 50 million to the Rehabilitation of the Warsak Hydro Power Project, a move the minister praised as crucial for restoring the plant&#8217;s operational capacity. The delegation expressed interest in various other projects, including those supported by the World Bank, Asian Development Bank (ADB), and Asian Infrastructure Investment Bank (AIIB). Read: Reko Diq Copper-Gold Project: Saudi Fund negotiations reach final stage Key projects under consideration include the N-5 road widening initiative&hellip;<\/p>\n","protected":false},"author":89,"featured_media":99076,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016],"tags":[6445,8586,59326,59325,59324,56222,9734,59327,54568],"persona":[],"class_list":{"0":"post-99072","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-developments","8":"tag-adb","9":"tag-aiib","10":"tag-asia-and-edvardas-bumsteinas","11":"tag-eib","12":"tag-n-5-project","13":"tag-news-and-updates","14":"tag-ntdc","15":"tag-warsask-hydro-power-project","16":"tag-zameen-news","17":"cat-15016-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Govt Shares 12 Projects with EIB - Zameen News<\/title>\n<meta name=\"description\" content=\"Govt presents 12 projects for EIB co-financing, featuring the N-5 road upgrade, aimed at enhancing infrastructure in Pakistan.\" \/>\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\/govt-shares-12-projects-with-eib.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Govt Shares 12 Projects with EIB - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Govt presents 12 projects for EIB co-financing, featuring the N-5 road upgrade, aimed at enhancing infrastructure in Pakistan.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/govt-shares-12-projects-with-eib.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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