The cabinet committee on the flood protection sector on Wednesday, met to review and discuss projects for flood-affected areas of Sindh. The meeting was chaired jointly by Sindh Caretaker Ministers for Revenue, Industry and Commerce Younus Dagha and Minister for Irrigation, Ishwar Lal while Chairman Planning and Development Board Sindh Shakeel Ahmed Manganejo, Secretary Irrigation Sindh Niaz Ali Abbasi and other relevant officers attended, said a statement issued here.
The meeting was briefed that ECNEC has approved a total of Rs 194.625 billion for the Flood Protection Sector Projects in all four provinces and Gilgit-Baltistan while the Asian Infrastructure Investment Bank (AIIB) has proposed a loan of $110 million (in which Sindhs share will be $42 million) in the first phase. The meeting was informed that 40% of the proposed amount will be spent on various projects for the flood-affected areas of Sindh.
The federal government will provide 50% of the amount for the flood protection sector projects to be carried out across the province while the remaining 50% will be contributed by the provincial government, the meeting was further informed.
