Dasu Dam: World Bank warns Pakistan over worst setback in $3.78 billion loan
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*ISLAMABAD - *The World Bank has cautioned Pakistan regarding a big setback over the Dasu Dam project.
World Bank has expressed serious concerns over delay in the construction work on Dasu Hydropower Stage-I project.
World Bank has warned that the $3.787 billion loan it approved for the project in June 2014 could get lapsed. The project was set to complete in June 2021.
“It was claimed [by previous government] that they had completed land acquisition for Dasu dam, but currently we have only seven per cent [or 740 acres] of land in hand as we require 12,000 acres,” said Minister for Water Resources Faisal Vawda while addressing a press conference on Monday.
“The nation has to bear its [the delay’s] fallouts and we have to resolve the issue,” he added.
