‘Govt to get foreign assistance of Rs37b for KBD’

ISLAMABAD—Federal Government would acquire Rs. 37 billion foreign assistance for the construction of Kala Bagh Dam while Central Development Working Party (CDWP) has approved 30 projects worth Rs. 59.2 billion out of which Rs. 22.5 billion would be obtained through foreign assistance.
Talking to group of Journalists here on Tuesday, Joint Chief Economist of Planning Commission Asif Sheikh further said that assistance from foreign financial institutions would also be sought for the completion of eight projects including project of Kala Bag Dam. The CDWP has given approval to holds talks with foreign financial institutions in this respect, he added. Federal Government would obtain foreign assistance worth Rs. 39.1 billion for Diamer Basha Dam project, Rs. 37 billion for Kala Bag Dam and Rs. 26.6 billion for Akhori Dam under the head of grant and loans, he remarked.
Besides this, Government for the completion of 8 different development projects including a project to equip eight big cities of Punjab with modern facilities worth Rs. 600 would also take foreign assistance, he maintained. Joint Chief Economist of Planning Commission Asif Sheikh added that Rs. 1.37 billion have been allocated to acquire land for Rawalpindi bypass and Rs. 6 billion for the rehabilitation and reconstruction of Damaged section of National highway in earthquake affected areas of AJK.
He said Rs 23.2 billion for 8-development projects in Punjab, Rs. 0.7 billion for two-development project in Sindh, Rs. 2.8 billion for six development projects in NWFP, Rs. 0.2 billion for one development project in Balochistan, Rs 04 billion for one development project in FATA and Rs. 6 billion for one development in Azad Jammu Kashmir has been allocated during the meeting of CDWP.—Agencies