Except translation, this story has not been edited by achinews staff and is published from a syndicated feed.
- Loan provided as part of Sindh Emergency Housing Reconstruction Project.
- The project is a key part of ADB’s multifaceted response to Pakistan’s flood crisis.
- Sindh suffered about 83% of the total housing damage caused by the 2022 floods.
MANILA: The Asian Development Bank (ADB) today approved a $400 million concessional loan to support the reconstruction of housing and community infrastructure in Sindh damaged by the devastating floods in 2022.
The Sindh Emergency Housing Reconstruction Project will rehabilitate flood-damaged housing and community infrastructure and support livelihood recovery, with a focus on strengthening communities’ resilience against natural hazards caused by climate change.
This project is a key part of ADB’s multifaceted response to Pakistan’s flood crisis and is part of the bank’s commitment to provide a total of $1.5 billion in assistance between 2023 and 2025 to accelerate the country’s flood recovery.
“This project will help rebuild homes and communities, and restore livelihoods and basic services in Sindh, the province most affected by the devastating 2022 floods,” said ADB Director General for Central and West Asia Yevgeniy Zhukov.
“It is part of ADB’s extensive support to help Pakistan recover from the disaster that affected 33 million people and damaged houses and infrastructure across the country.”
Sindh suffered about 83% of the total housing damage caused by the 2022 floods, with about 2.1 million houses either completely destroyed or damaged.
Two years later, many victims are still living in inadequate temporary shelters that lack essential services such as water, sanitation and electricity.
The project will support conditional cash grants for the rebuilding of 250,000 houses with resilient and environmentally responsive multi-hazard designs.
It will also support the construction of community-driven infrastructure such as drinking water facilities, sanitation facilities, covered drainage, and renewable energy solutions for 100,000 households in approximately 1,000 flood-damaged villages in Sindh.
The project will also support conditional cash grants for livestock, agriculture, small enterprises and e-commerce.
“ADB’s support will not only help Pakistan build back better, but will also promote community-led climate resilience and disaster risk management strategies to better prepare for future hazards,” said Director ADB for Water and Urban Development Srinivas Sampath.
“We are coordinating closely with other development partners to support the government’s recovery and reconstruction priorities.”
The project supports the government’s rehabilitation, reconstruction and resilient restoration (4RF) strategy and will follow an integrated and sequential approach so that investments across sectors complement each other.
A $500,000 technical assistance grant will further support the government’s operational capabilities in procurement, compliance protection, and technical and financial management.
(Except translation, this story has not been edited by achinews staff and is published from a syndicated feed.)
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