ISLAMABAD, July 26 (Xinhua) -- The Asian Development Bank (ADB) approved a 400 million U.S. dollars concessional loan on Friday to support the reconstruction of houses and community infrastructure in Pakistan's southern Sindh province damaged by the devastating floods in 2022.
The Sindh Emergency Housing Reconstruction Project will rehabilitate flood-damaged houses and community infrastructure and support livelihood recovery, with a focus on strengthening communities' resilience against climate change-induced natural hazards, the ADB said in a statement.
"This project is a key part of ADB's multifaceted response to Pakistan's flood crisis and forms part of the bank's commitment to provide 1.5 billion U.S. dollars in total assistance from 2023 to 2025 to accelerate the country's flood recovery," said the statement.
Sindh sustained about 83 percent of the total housing damage inflicted by the 2022 floods, with around 2.1 million houses either fully destroyed or damaged, it added.
The project will support conditional cash grants for the reconstruction of 250,000 houses with multi-hazard resilient and environment-responsive designs, according to the ADB. ■