ISLAMABAD: This June, Pakistan is going to present three major projects of $580 million, in the Hydropower and communication sectors, at the Fourth International Conference on Financing for Development that is going to be held in Seville, Spain.
The United Nations Development Programme (UNDP) has prepared feasibility studies on these projects, and all of these projects are aimed at achieving the Sustainable Development Goals (SDGs). These projects are as follows:
$38.4 million to develop a 10.96MW Mehar Hydropower project in Kasur.
$318.1 million for a 500MW floating solar project on Keenjhar Lake in Sindh.
$130 million to develop the second phase of the Swat Motorway project.
The UNDP looks forward to continuing support to Pakistan’s federal and provincial governments in developing projects that attract investment worldwide. The UNDP will also help Pakistan’s participation in the conference to be organized, possibly a special investment event for the country.
During the conference, Pakistan will showcase its investment portfolio at the SDG Investment Fair. In previous years, it has showcased over 130 projects worth $66 billion from 25 countries, with more than 15,000 global participants attending.
The Fourth International Conference on Financing for Development, held from June 30 to July 3, aims to drive financial reforms supporting changes in the international financial system. UNDP emphasizes that this event will be an important opportunity to enhance financing to achieve development and climate goals.
UNDP is partnering with the finance ministry of Pakistan to help access climate financing and investment opportunities through the Pakistan SDG Investments and Climate Financing Facility. This facility is divided into four major areas of support: project development, feasibility studies, financial structuring, and private sector partnerships. It provides technical assistance while building capacity for effective implementation.
This conference will mark an important milestone in Pakistan’s quest to solicit global investment and support for high-impact infrastructure projects.
