Asian Development Bank & Pakistan sign $300 million agreement – Ukaaj.com | A great real estate is HERE !

Asian Development Bank & Pakistan sign $300 million agreement

  • 2 weeks ago
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Pakistan: As per sources, Development Bank (ADB) and Pakistan have signed the $300 million financing agreement of the Balakot hydropower development project.
The Balakot hydropower development project’s total price is US 755 million dollars, out of which the Asian Infrastructure Investment Bank (AIIB) will finance 280 million dollars. In comparison, ADB has committed to providing $300 million.
As per details, Omar Ayub Khan stated that the run-of-river hydropower project would be constructed on the Kunhar River in the Mansehra district and generate 300 megawatts of electricity.

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