ISLAMABAD – Big development reported over Rs 1400 billion Diamer Bhasha Damproject as the government has unveiled the final date for the inaugurationof the project.
Construction work on the pending and long-delayed 4500 megawattDiamer-Bhasha Dam will start in the coming months.
The bidding process for the consultancy and civil works is underway. Theassessment of bidding proposals will take 3-4 months.
Chairman WAPDA Lt. Gen (R) Muzammil Husain called a meeting ofImplementation Committee on Diamer-Bhasha, Mohmand Dams (ICDBMD) on Tuesday.
During the meeting, matters of significant importance related toDiamer-Bhasha and Mohmand Dams came under discussion. The process of landacquisition, resettlement of the local population, and financing of bothdams were assessed. Subcommittees of ICDBMD briefed Chairman WAPDA on thesematters.
Diamer-Bhasha Dam will incur a total cost of Rs. 1,400 billion. The initialconstruction of the reservoir will cost Rs. 474 billion. Out of Rs. 474billion, the government will provide Rs. 232 billion while WAPDA will beresponsible for the rest.
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Prime Minister Imran Khan inaugurated the construction work on Mohmand Damin May. Chairman WAPDA was satisfied with the construction work of MohmandDam thus far.
The Sub-Committee on Land Acquisition informed Chairman WAPDA that it hasacquired 32,000 acres of priority land for Mohmand Dam. In the next phaseof the project, the remaining area for the project will also be acquired.
Moreover, Rs. 14 billion for the development of healthcare facilities,schools and colleges, and infrastructure have already been released.
The Sub-Committee on Finance briefed Chairman WAPDA that the financialmodels of both Diamer-Bhasha and Mohmand Dams depend less on governmentfunding and are more focused on alternative financing sources.
