Islamabad: A signing ceremony for the Exchange of Notes and Record of Discussion between the Governments of Japan and Pakistan regarding a Japanese grant in aid project titled “Flood Management Enhancement in the Indus Basin” was held at the Ministry of Economic Affairs following the approval of Federal Minister Ahad Cheema. The Government of Japan has approved a grant amounting to JPY 2.831 billion (US$ 18.5 million) for this project through the Japan International Cooperation Agency (JICA). The project aims to improve the accuracy of flood forecasts and flood control functions, accumulate basic data contributing to disaster risk reduction measures, and reduce the risk of loss to human life and the economy, including infrastructure.
According to Press Information Department, the scope of the project includes developing a hydrological and hydraulic observation network and rehabilitating river structures damaged by the 2022 flood in the Indus River and its tributaries. Additionally, the project will contribute to the capacity building of flood management institutions, thereby aiding future flood risk reduction. The Notes of the project were signed and exchanged by Dr. Kazim Niaz, Secretary, Ministry of Economic Affairs, and H.E. Mr. WADA Mitsuhiro, Ambassador of Japan to Pakistan, on behalf of their respective governments. Dr. Kazim Niaz expressed appreciation to the Government and people of Japan for their valuable support and assured the extension of all necessary facilitation for more meaningful cooperation between the two sides. H.E. Mr. WADA Mitsuhiro, Ambassador Extraordinary and Plenipotentiary of Japan to Pakistan, reaffirmed his Government’s commitment to work closely with the Government of Pakistan to further strengthen the frien
dly ties and bilateral cooperation.
The post Japan Allocates USD 18.5 Million for Indus Basin Flood Management Project. appeared first on pakistannewsgazette.com.
AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service