ADB Assures Assistance for Pakistani Dam Project

The Asian Development Bank has reportedly given assurance that it will provide financial and technical assistance for the construction of the Diamer Basha Dam in Pakistan.

Donneth Walton, acting country head of ADB in Pakistan, gave the assurance in a meeting with Raja Pervez Ashraf, head of the country’s Minister for Water and Power, the Associated Press of Pakistan says.

The dam, which is expected to mitigate the effects of floods in the country and generate up to 4,500 megawatts of electricity, is estimated to cost USD13 billion dollars, according to the IfandP Newsroom.

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    Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.