Pakistan and Denmark have signed a concessional loan agreement for the construction of a major Wastewater Treatment Plant (WWTP) in Faisalabad to address urban environmental challenges.The agreement was signed by Muhammad Humair Karim, Secretary of the Ministry of Economic Affairs, and Tina Kullerup Hausen, Managing Director of Danida Sustainable Infrastructure Finance (DSIF).The project, titled “Construction of Eastern Wastewater Treatment Plant (33 MGD) of Faisalabad City Phase-I,” will have a treatment capacity of 200,000 cubic meters per day. It aims to contribute to sustainable urban development by significantly improving wastewater treatment facilities in the city, thereby supporting environmental protection, public health, and resilient urban infrastructure.The project is financed through a concessional loan from DSIF, which offers highly favourable terms to support sustainable infrastructure. Such loans carry significant concessionality – a measure of how much more generous they are than standard market loans – of 35%. This makes the financing terms considerably softer and more affordable for Pakistan.DSIF is also preparing to finance 75% of a feasibility study for a proposed Wastewater Treatment Plant at Kattar Bund in Lahore.     Earlier in April, both countries reaffirmed a $2 billion partnership to modernise Pakistan's maritime infrastructure, improve port operations, and promote sustainable practices, during a meeting between Federal Minister for Maritime Affairs Junaid Anwar Chaudhry and Danish Ambassador Jakob Linulf.       (ICE ISLAMABAD)

Fonte notizia: the express tribune