ISLAMABAD: The World Bank will provide US$ 9 million to Pakistan from Multi Donor Trust Fund (MDTF) for the second additional financing of Khyber Pakhtunkhwa Emergency Road Recovery Project.
In this regard an agreement was signed at Economic Affairs Division (EAD) here on Friday.
Secretary EAD, Nagis Sethi, Country Director World Bank, Rachid Benmessaoud and Managing Director High Way Authority, Khyber Pakhtunkhwa, Engineer Javaid Ihsan inked the agreement on behalf of their respective sides.
The project is on a Provincial Highway S-3B which is situated on the right bank of the Swat River, an area of significant war damage caused by the militants.
This additional financing will finance about 10.7 km road from Chakdara to Shamozai.
The proposed project aims to rehabilitate priority damaged roads and bridges in the conflict hit areas of the Swat District of KPK to fully operational with a view to improving access and mobility.
The expected outcome is improved traffic flow resulting in reduced vehicle operating costs and travel time for beneficiaries using the road.
For measurement of the output, length of roads reconstructed and number of bridge reconstructed and repaired has been identified as the key indicators.
The grant would indirectly enhance the capacity of the KP Government to take on community driven and demand based economic activities.