France provides 130 million euros soft loan for rapid bus project
ISLAMABAD, JAN 22 (DNA) – Noor Ahmed, Secretary of Economic Affairs Division (EAD), Marc Baréty, Ambassador of France, and Jacky AMPROU, Country Director of the French Agency for Development (AFD), signed a Credit Facility Agreement worth Euros 130m for financing Peshawar Sustainable Bus Rapid Transit Corridor project.
The project will provide safe, efficient and well integrated mass transit system improving energy efficiency and air quality through reduction of Green House Gas emissions.
The project will contribute to the Government of Pakistan’s strategy in urban services and economic development.
France through the French Agency for Development is working in Pakistan providing technical and financial support to develop low-carbon infrastructures.
Up to date, AFD has committed Euros 880m financial support while this project is opening new avenue of collaboration in Urban development sector.=DNA
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