France provides Euros 130mln for Peshawar Transit Corridor

MG News | January 22, 2019 at 05:50 PM GMT+05:00

0:00

January 22, 2019: Pakistan and France have signed a Credit Facility Agreement worth Euros 130m for financing Peshawar Sustainable Bus Rapid Transit Corridor project.

The agreement was signed by Secretary of Economic Affairs Division (EAD), Noor Ahmed, Ambassador of France, Marc Baréty and Country Director French Agency for Development (AFD), Jacky AMPROU here.

The project would provide safe, efficient and well-integrated mass transit system, improving energy efficiency and air quality through reduction of Green House Gas emissions.

It would contribute to the Pakistan government’s strategy in urban services and economic development, according to press statement issued on Tuesday.

France through the French Agency for Development has been providing technical and financial support to develop low-carbon infrastructures.

AFD, so far, has committed Euros 880m financial support while this project is opening new avenue of collaboration in Urban development sector.

(APP)

Related News

Name	Price/Vol	%Chg/NChg
KSE100	176,355.49 799.09M	1.32% 2301.17
ALLSHR	106,095.08 1,399.85M	1.42% 1480.57
KSE30	54,010.33 172.85M	1.33% 707.40
KMI30	250,685.98 166.33M	0.86% 2146.75
KMIALLSHR	68,659.48 915.21M	1.16% 786.70
BKTi	49,612.52 72.87M	2.53% 1222.09
OGTi	35,256.55 17.79M	1.06% 368.14

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	88,120.00	89,705.00 87,470.00	-140.00 -0.16%
BRENT CRUDE	60.91	61.92 60.63	-0.42 -0.68%
RICHARDS BAY COAL MONTHLY	86.75	0.00 0.00	0.65 0.75%
ROTTERDAM COAL MONTHLY	96.75	0.00 0.00	0.20 0.21%
USD RBD PALM OLEIN	1,027.50	1,027.50 1,027.50	0.00 0.00%
CRUDE OIL - WTI	57.41	58.55 57.20	-0.54 -0.93%
SUGAR #11 WORLD	14.95	15.22 14.80	0.11 0.74%