Karachi: The Asian Development Bank (ADB) is likely to give a loan of around Rs27 billion to the Sindh government for repairing the embankments on the River Indus and for expanding the road infrastructure.
This was stated by the chief minister’s adviser on planning and development, Dr Kaiser Bengali, during a press conference at his office on Thursday.
There was an urgency to repair the irrigation system, especially the embankments, before June to avoid the floods so the provincial government was seeking an “emergency fund” from the ADB, the adviser said.
Bengali said that talks between the representatives of the provincial government and those of the ADB were going on in Islamabad which might culminate in the signing of an MoU for 405 million dollars (Rs27 billion).
Meanwhile, realizing the need for repairing the embankments urgently, the provincial and the federal governments had released over three billion rupees for that purpose, said the adviser.
He clarified that the money spent on the repair of the river’s dykes would be repaid by the federal government as the repair of the dykes was the responsibility of the Centre.
Speaking of the government’s plan for improving the road network, Bengali said seven new highways connecting the scattered districts would be developed.
He said the 60km-long, Hyderabad-Mirpurkhas dual carriageway was expected to be completed by April 2012.
All these highways would be built under the public-private-partnership mode, the adviser said.
Bengali said that these highways would reduce the travel time between Sukkur and Karachi from seven hours to over four, between Karachi and Thatta from two hours to 45 minutes and between Dadu and Karachi to two hours.
The adviser said that some international firms had shown their interest in these projects, especially the Hyderabad-Mirpurkhas dual carriageway which alone had elicited interests from around 15 firms.
He said these highways would cost the exchequer more, but they would also last longer than the roads built by the Works and Services Department which start decaying within three years.
The adviser said these highways would have a higher rate of toll tax. He justified this by saying that one had to pay more for a product of fine quality.