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« India may run out of water by 2020: World Bank | Main | The International Finance Corp. spurs development with private funds. »

November 26, 2006

PAKISTAN: $7 billion needed for dams

Source: Daily Times

By Fida Hussain

ISLAMABAD: The construction of Kalabagh, Diamer-Basha and Akhori dams will cost Rs 1.027 trillion, and the federal government will require Rs 432 billion, or $7.2 billion, in foreign funds for the completion of these projects, a senior government official told Daily Times on Saturday.

The federal government has decided to take Sindh and the NWFP into confidence over the construction of major water reservoirs, to formally take these projects for funding to international financial institutions (IFIs).

Full Story...

Posted by pichu at November 26, 2006 5:35 PM