LAHORE, Oct 13: As the data of more or less 52 million land owners in Punjab is being computerized, the World Bank has agreed to additional financing of Rs7.5 billion and the contract signing, in this regard, is expected during the next month.

A spokesman for Board of Revenue, Punjab, says the implementation of the WB-funded project ‘Land Records Management and Information System’ will not only secure the records, improve service delivery but will also stabilize and improve the economy and land market throughout Punjab.

In a statement issued on Saturday, he said 25 LRMIS service centers have been established and land record of 545 villages has been computerized. The progress of its implementation is continuously being monitored by the government and World Bank.

He says the representatives from World Bank, during their previous mission, have expressed their satisfaction over the progress and appreciated the professionalism of project staff.

Keeping in view the importance and progress, the project which initially started with financing or Rs2.773 billion from the World Bank for computerization of land records of 18 districts of Punjab has been expanded to all 36 districts.