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Global funding for construction of dams and power plants begins in Pakistan

 

International funding has started for the construction of dams and power plants in Pakistan. The World Bank, the Asian Development Bank, the Asian Infrastructure Investment Bank, the United States, Saudi Arabia, France, and Germany have started issuing loans for dams and hydropower projects.

According to the Economic Affairs Division's Foreign Economic Assistance Report for July-November, the Asian Infrastructure Investment Bank will provide Rs 1.51 billion this year for the fifth expansion project of the Tarbela Hydropower Project. The United States provided Rs. 918.7 million for the Tarbela Dam repair and minor improvement project.

The World Bank has decided to provide Rs. 100 million for laying of transmission line and Rs. Out of this, Rs. 226.3 million has been released from July to November.

The World Bank will provide Rs 4.5 billion for the Dasu Hydropower Project during the current financial year.

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