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ISLAMABAD: The board of directors of the Public-Private Partnership Authority (P3A) on Thursday approved the appointment of the International Finance Corporation (IFC) as transaction adviser for major infrastructure projects, including the development of Islamabad and the construction of two major motorways in Punjab.
The meeting, chaired by Planning Minister Ahsan Iqbal, approved several high-impact initiatives under the public-private partnership framework, aimed at accelerating national infrastructure development.
Informed sources said the IFC — the World Bank’s commercial arm — would be hired by the Capital Development Authority (CDA) as transaction adviser for bulk water management and metering, energy efficiency, wastewater treatment and sewage projects.
The P3A’s board also granted an in-principle approval, subject to concurrence from the Finance Division, for the revised commercial structure of the 69-kilometre Sialkot-Kharian Motorway project.
