$47.6m Project To Transform Indus Basin With Climate Resilient Agriculture, Water Management.

ISLAMABAD -- The provincial governments of Punjab and Sindh, through Food and Agriculture Organization (FAO), will embark upon a project worth $47.6 million for transforming the Indus Basin with climate resilient agriculture and water management.

The Central Development Working Party had last month approved the project for transforming the Indus Basin with climate resilient agriculture and water management, official source told The Nation.

Green Climate Fund (GCF) will provide a grant of $34.99 million, through Food and Agriculture Organization (FAO) of the United Nations, for the project. The total cost of transforming the Indus Basin with climate resilient agriculture and water management project is $47.6 million and it will be jointly executed by Food and Agriculture Organization (FAO) with the provincial governments of Punjab and Sindh, official documents revealed. The project will based in Punjab and Sindh provinces of Pakistan and it will be completed in six years.

Green Climate Fund (GCF) had already agreed to provide $34.99 million through Food and Agriculture Organization (FAO) for the projects, the source maintained. The total amount of grant from GCF is $34.99 million while $12.7 million will be contributed by the co-financer i.e. Punjab and Sindh governments from their respective Annual Development Plans (ADPs). The share of Government of Punjab envisaged in the GCF funding...