Tuesday, 7 December 2021

France to give Rs19.5b loan for Peshawar’s BRT project

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PESHAWAR: France will provide a loan of Rs19.5 billion to Pakistan for the development of the Peshawar Bus Rapid Transit project.

The loan of 130 million euros (equivalent to Rs19.5 billion) will be provided through the French Agency for Development (AFD). The multi-billion rupee project is aimed at providing safe and efficient transportation to the commuters of Peshawar.

A credit facility agreement worth Rs19.5 billion was inked by Economic Affairs Division Secretary Noor Ahmed, French Ambassador in Pakistan Marc Barety and AFD Country Director Jacky Amprou on Tuesday, stated a press release issued by the Embassy of France.

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