The World Bank (WB) has recently approved additional financing for Pakistan, amounting to $108 million to execute two projects supporting access to social services, markets and jobs in Khyber Pakhtunkhwa (KP).<\/p>\n\n\n\n
The international lender also greenlit $78m in additional financing to Khyber Pakhtunkhwa Rural Accessibility Project (KPRAP) along with $30m to Khyber Pakhtunkhwa Integrated Tourism Development Project (Kite), enabling both projects to achieve their objectives in improving access to health and education services, markets and jobs in a way that strengthened resilience to natural disasters in the province.<\/p>\n\n\n\n
\u201cBy rehabilitating critical rural road infrastructure and enhancing disaster preparedness, KPRAP and Kite projects are not only improving access to essential services like health and education, but also fostering climate, economic resilience and creating job opportunities for local communities,\u201d WB Country Director for Pakistan Najy Benhassine said in a news release on Tuesday.<\/p>\n\n\n\n
He said the $78m in additional financing for the KPRAP would focus on providing safe and climate resilient road infrastructure, by upgrading and rehabilitating rural roads, thereby improving access to services including schools, health facilities, and markets.<\/p>\n\n\n\n
The project is also supporting safe and affordable transport to school for girls.<\/p>\n\n\n\n
Overall, around 1.76m people are expected to benefit from the project, he added.<\/p>\n\n\n\n
This additional financing underscores the World Bank\u2019s commitment to support the country and its provinces\u2019 development goals, said the task team leader for the project, Muhammad Bilal Paracha.<\/p>\n\n\n\n
\u201cThe project is crucial for improving the lives of people in the province, particularly women and girls, by enhancing access to essential services and economic opportunities,\u201d he said.<\/p>\n\n\n\n
The $30m in additional financing for the Kite project would help improve the tourism sector by completing the rehabilitation of two roads that would help improve access to the province\u2019s \u201cpristine tourist spots in the vicinity\u201d.<\/p>\n\n\n\n
It would also support technical assistance and capacity building for the tourism industry and public sector stakeholders.<\/p>\n\n\n\n
\u201cThe additional financing will support better destination management, heritage conservation, and the integration of digital platforms in Khyber Pakhtunkhwa\u2019s tourism industry,\u201d the press release read.<\/p>\n\n\n\n
\u201cThe project will encourage responsible tourism in KP in collaboration with public and private sector stakeholders,\u201d said task team leader for the project, Kiran Afzal.<\/p>\n\n\n\n
Afzal added this was meant to improve roads and tourist facilities, and prove more opportunities for local communities to benefit from the growth of the tourism economy.<\/p>\n\n\n\n
She highlighted, \u201cThe project will create jobs, train local people, and preserve the country\u2019s rich cultural heritage.\u201d<\/p>\n\n\n\n