The World Bank has approved a $240 million loan for the Karachi Water Supply and Sewerage Services Improvement Project-2 (KWSSIP-2). The project aims to provide safely managed water, sanitation and hygiene (WASH) services in Karachi.
KWSSIP-2 will receive $240 million in co-financing from the Asian Infrastructure Investment Bank (AIIB), according to a statement released by the World Bank on Friday. Additionally, $250 million in government contributions and $269 million in private sector and commercial financing are expected.
“Securely managed WASH services are fundamental to public health and quality of life, and are central to addressing Pakistan’s stunting crisis,” said Naji Benhassin, World Bank Country Director for Pakistan. Ta.
“KWSSIP-2 will expand the scope of investments in bulk water augmentation, water treatment, wastewater treatment and reuse, water distribution, and rehabilitation of sewerage networks. Approximately half of all beneficiaries are women and 58% are young people ( The beneficiaries will be over 500,000 people aged between 15 and 24) and in Kutch Abadis (informal settlements).
World Bank could approve $240 million KWSSIP-2 tomorrow
According to the global financial institution, the project builds on KWSSIP-1 and will finance and expand several investments to strengthen water supply, sanitation, and treatment infrastructure across the city of Karachi. That’s what it means.
Additionally, it will improve water and sanitation infrastructure and support the expansion of safe drinking water and sanitation services in several Kutch Abadi (informal settlements), benefiting more than 500,000 people.
The World Bank said the project will lead to health benefits in the long term by reducing the cost of using alternative water sources, reducing the time it takes to collect water, and reducing water-borne diseases.
“KWSSIP-2 also continues to address gender gaps in employment, representation and leadership at Karachi Water Supply and Sewerage Corporation (KWSC) through a gender-inclusive recruitment plan to hire more women in technical and decision-making positions. “We will continue to do so,” Kiley said. Al Jamal, task team leader for the project.
“Support technical training for women, institutionalize internship programs for female graduates, create employment pathways within utility companies, and support the promotion of female employees to higher positions.”
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By 2030, the project will provide safely managed water supplies to approximately 16 million people and sanitation services to approximately 7.5 million people in Karachi. It will also improve the performance and financial sustainability of KWSC and foster private sector partnerships in the delivery of WASH services. .
The project is the first phase of the World Bank’s Pakistan Urban WASH Services Program, which aims to provide securely managed WASH services to 33.5 million people by 2035.
