A signing ceremony for an agreement between the Capital Development Authority (CDA) and the International Finance Corporation (IFC), a member of the World Bank Group was held at the CDA Headquarters. The ceremony was attended by Federal Secretary Interior Muhammad Khurram Agha, Chairman CDA and Chief Commissioner Islamabad Muhammad Ali Randhawa, Member Planning and Design Dr. Khalid Hafiz, Regional Director (IFC) and other senior officers from CDA’s Islamabad Water and IFC.
Under the agreement, IFC will provide technical assistance to the Islamabad Water Agency for various projects under a Public-Private Partnership (PPP). In this regard, IFC will provide its Transaction Advisory Services for three water and sewage-related projects in Islamabad. Prior principle approval for execution of these projects under a PPP has already been obtained from the CDA Board and the Public-Private Partnership Board.
Transaction Advisory Services for completing these Islamabad Water projects under a PPP are being procured in accordance with relevant rules. The completion of these projects will help resolve issues related to the water and sewage system in the Federal Capital, Islamabad.
Key components of these projects include improving the supply of clean water installing water meters and reducing non-revenue water in the Federal Capital, Islamabad. Similarly, measures to make water pumps energy-efficient and to repair and rehabilitate sewage lines, including sewage treatment plants are also part of these projects. The completion of these projects will lead to a significant increase in CDA’s revenue, which will be spent on improving water supply in the Federal Capital, Islamabad.
Chairman CDA Muhammad Ali Randhawa said that completing these projects under a PPP will help improve the monitoring system and control water wastage. He said that modern technology will be utilized for monitoring all installations and water pumps of Islamabad Water which will improve water supply. Chairman CDA further said that all resources will be utilized to provide the citizens of the Federal Capital, Islamabad, with the best facilities for clean water and sewage systems. The meeting also reiterated the commitment to fully leverage the technical expertise, experience and capacity of the International Finance Corporation (IFC).