Funding for the Eighteen Islamabad Phase 2 Project

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Eighteen Islamabad is a short $2 billion exclusive and extravagant residential development contemplated over three years ago.

When it comes to construction projects, there are a lot of factors to consider. Who will be working on the project? What materials will be needed? And most importantly, how will the money be raised? In this blog post, we’ll explore the funding for the Eighteen Islamabad Phase 2 project and what you need to know if you’re looking to invest in this exciting development. From private investors to government grants, we’ll cover it all!

Background

The Eighteen Islamabad Phase Project is a major infrastructure project being undertaken by the government of Pakistan. The project involves the construction of a new airport in Islamabad and the improvement of other existing transportation infrastructure.

The total cost of the project is estimated to be around $11.5 billion, and funds will be raised through a combination of government and private investment. The government has so far received commitments of $6 billion from various private investors, including China National Petroleum Corporation (CNPC) and the Khaled Abdullah Group.

The project is expected to create tens of thousands of jobs and help improve Pakistan's economy overall. It is also hoped that the new airport will help increase tourism revenue in the country and contribute to regional economic integration.

Funding Sources

The Eighteen Islamabad Phase Project is an ambitious city improvement project funded by the Central Government of Pakistan. The project involves the construction of over 1,500 kilometers of roads, sewerage systems, and water supply networks in Islamabad.

The project is being implemented in three phases: phase one (2006-2008), phase two (2010-2012), and phase three (2016-2018). Each phase is divided into several subprojects. The total cost of the project is estimated at $10 billion USD.

The main funding source for the Eighteen Islamabad Phase Project is the United States Agency for International Development (USAID). USAID has awarded contracts to several private companies to carry out specific parts of the project. For example, KES Limited was contracted to build 124 kilometers of new road in phase one, while Gammon Infrastructure Construction Company was contracted to build 143 kilometers of new road in phase two.

Other sources of funding for the Eighteen Islamabad Phase Project include the World Bank and the China Investment Corporation. The World Bank has awarded contracts to several private companies to help finance various aspects of the project, such as engineering services and procurement goods. The China Investment Corporation has also invested money in various sectors related to the project, such as infrastructure development and real estate.

Implementation Strategy

The Implementation Strategy for the Eighteen Islamabad Phase Project was released by the Federal Ministry of Planning in early 2017. The project is a $24.5 million effort to retrofit eight public schools in Islamabad and its surrounding areas with energy-efficient LED lighting and air conditioning.

The strategy document lays out the different stages of the project, from planning to execution to evaluation and follow-up. Each stage has specific objectives and deliverables, as well as budget estimates and timelines.

The first stage, planning, will focus on developing a detailed project proposal and costing analysis. The second stage, procurement, will identify qualified suppliers and contractors for the project. The third stage, installation, will begin in February 2018 and finish by December 2019. The fourth stage, testing and commissioning, will begin in January 2020 and finish by December 2021. The fifth stage, operations and maintenance, will focus on ensuring that the new lighting and air conditioning systems are working properly and that users are comfortable using them. The final stage, evaluation, will evaluate the effectiveness of the project overall.

Conclusion

The funding for the Eighteen Islamabad Phase 2 Project has been secured and we are thankful to all of our generous donors. With this money, we can continue working on Phase 2 of the project and provide much-needed relief to the citizens of Islamabad. We will be using this money to provide water, sanitation, health care, and shelter to those who need it most. We hope that you will continue to support us as we work towards improving the lives of those in need.

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