ISLAMABAD: The Asian Infrastructure Investment Bank (AIIB) has approved financing of $235 million for the Lahore Water and Wastewater Management Project. This funding aims to ensure a sustainable supply of safe water and alleviate the environmental damage caused by untreated sewage discharge in the city.

The loan, approved by the Beijing-based institution on Thursday, will also support the Lahore Water and Sanitation Agency (LWASA) in improving its institutional capacity, enabling it to provide better services to the residents of Lahore while becoming a financially sustainable entity.

Lahore faces a dual challenge of inadequate clean water and untreated wastewater overflow, both of which require urgent attention from the provincial government. The AIIB financing will be directed towards addressing these issues in a coordinated manner.

The Punjab government had........

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