Diamer-Bhasha Dam benifits & Importance to build
Pakistan on Tuesday gave a final go-ahead to th e construction of Diamer-Bhasha dam at an estimated cost of Rs.474 billion aimed at increasing the country’s depleting water storage capacity. After a delay of almost 25 years, Diamer-Bhasha dam has finally been cleared for funding by Central Development Working Party (CDWP). CDWP has forwarded the project to Executive Committee of National Economic Council (ECNEC) and the project is now awaiting a final approval. The dam will be the first major reservoir that will be built since the 1960s. The reservoir will be built at an initial cost of Rs 625 billion, excluding the electricity generation part of the project. The project faced many delays due to funding and ownership issues between provinces. The government even proposed to include it in CPEC projects. However, later withdrew the request due to China’s demand of ownership of the dam. Benefits of the Project: Both projects, Mohmand Dam Hydropower project a...