Lahore: The World Bank (WB) will provide a soft loan of USD 200 million to the Punjab government for the ‘Green Development Project’, according to news published on November 22.
Under the said project, the provincial government will install water and air quality monitoring systems in 10 districts including Multan, Gujranwala, Rawalpindi, Vehari, Sheikhupura, Dera Ghazi (DG) Khan, Lahore, and other cities. The air and water quality monitoring stations will be installed at 30 and 15 places, respectively.
Chief Minister (CM) Chaudhry Pervaiz Elahi, during a meeting, disclosed that USD 50 million Environment Endowment Fund will be set up under the Green Development project. He went on to say that the environment-friendly pilot project will be initiated in Lahore with 25 electric buses. The news source mentioned that the legislation will be decreed to control the use of plastic in a bid to improve the environment. Under the project, solar panels will be installed on the roofs of government buildings in order to adopt an energy-efficient building plan.
Moreover, the stone crushing, leather processing industries, rice mills, and steel mills will also be included in the green investment project. Initially, loans of USD 30 million will be offered to 100 small industrial units
Iqra holds BS in International Relations and is passionate about writing engaging content on trending real estate topics. When not working, she is either spending time with family, shopping, or discussing shows & movies.
