Islamabad has apportioned around Rs. 13.78 billion for the Diamer-Basha Dam project in the current fiscal year, said Pakistan Water and Power Development Authority (WAPDA) Chairman Raghib Shah. He added that work on the project, which would produce 4500 mega watt electricity, has been expedited and the project is being treated as a priority.
Mr. Shah expressed his views on Monday during a meeting with Gilgit Baltistan Works Minister Bashir Ahmed, Health Minister Haji Gulber Khan and Taxation and Minerals Minister Muhammad Naseer Khan. The WAPDA Chairman also said that about 14 local contractors have been engaged in construction of offices, residential colonies, camps and road infrastructures around the project area.
He also said that the federal government has started acquiring land for the project in both GB and KPK and that Rs. 6.85 billion had already been transferred to both provincial governments. He asserted that the affected people have been compensated as per with international standards.