Diamer Bhasha Dam: US approves grant for due diligence, feasibility study –

Jul 26, 2013| Courtesy by : http://tribune.com.pk/

ISLAMABAD:  The United States has approved a grant for verifying feasibility and geological studies of $14-billion Diamer Bhasha Dam, marking the first concrete support from Washington for the much-delayed project.

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While speaking to Finance Minister Ishaq Dar, US Ambassador to Pakistan Richard Olson apprised the finance minister of the sanction of funds by the US Congress with regards to due diligence of the dam. Olson also discussed wide range of issues with Dar including the ongoing US civilian assistance and upcoming visit of Secretary of State John Kerry.

The American envoy said funds will be provided through the United States Agency for International Development (USAID) and will be used to finance the due diligence of feasibility studies. He said the US will support construction of the project so that donors and international financial institutions can gain confidence.

The US will provide $20 million for due diligence, which will be done by international consultants, said Shakil Durani, the government’s adviser on Diamer Bhasha Dam, while talking to The Express Tribune.

To read in full – http://tribune.com.pk/story/581470/diamer-bhasha-dam-us-approves-grant-for-due-diligence-feasibility-study/

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