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Somersault by the ADB on Bhasha

Posted on 15 August 2012

The Asian Development Bank (ADB) had agreed in June this year to partly fund the construction of the Diamer-Bhasha Dam through the provision of $5 billion. The rest of the funding was to come from the US, which committed to provide $1billion over five years, whereas the Islamic Development Fund and the Kuwait Funds also agreed to partly fund the project.
The dam is designed to generate 20 billion units per annum and contribute $5 million a day to the national economy. Any delay in the provision of funds would additionally cost $1.825 billion a year………………………………………..Full Article: Source

 
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