Article type :

1

Author :

Dr Muhammad Sajjad Saeed-ul-Islam Nek Alam Haidar Raza Javed Habib

Volume :

3

Issue :

3

Abstract :

This Paper is about the Value for Money (VFM) analysis conducted for the Water Resource Accountability (WRAP) Project, which presents a comprehensive evaluation of the project’s economic efficiency, effectiveness, equity, and overall impact. The Water Resource Accountability Pakistan Project (WRAP) implements to undertake demonstrations of Nature-based Solutions (NbS), including Ecosystem-based Adaptation (EbA) interventions that will improve water security and governance, build resilience to climate change of communities at the target sites in Gilgit-Baltistan (GB) and Khyber Pakhtunkhwa (KP), and enable the Government and relevant stakeholders to implement and replicate NbS in Pakistan for building climate change resilience. The paper is based on both primary and secondary data that were collected by using a well-structured interview schedule, focus group discussion and other verified reports. The Excel-based model was used for analysis which is a step-by-step and structured framework for conducting a VfM assessment. VFM estimates showed that a favorable BCR across various interventions, with standout results like the Gabion check weirs and protection bunds (Gabion Bund) intervention achieving an impressive BCR of 3.50. These findings reaffirm the project’s ability to deliver substantial benefits while efficiently utilizing resources, making it a prudent investment in water resource management and nature-based solutions. WRAP’s equity analysis focuses on promoting inclusivity and fairness, particularly among vulnerable populations. While the project made significant strides in involving women in water-efficient practices, there is room for enhancing inclusiveness for lower-income and disabled populations. Recommendations emphasize setting specified targets for various populace categories to further bolster the project’s social impact. Results revealed that the Value for Money analysis of WRAP demonstrates its commendable financial efficiency and effectiveness in achieving the defined objectives. With economic expenditure, cost-effective interventions, and inclusive practices, WRAP stands as a model for sustainable water resource management and climate resilience.