ISLAMABAD, August 08 2021: The government has so far acquired 32,073 acres of land for important Diamer Basha Dam project which is expected to be completed by April, 2029 and would meet growing water and power needs of the country.
The acquired land is around 90 percent of total required 35,924 acres of land for the project.
The official information revealed on Sunday that the total estimated cost of Diamer Basha Dam project is PKR 1406, 122 million which includes PC-I (acquisition of land and resettlement PKR 175,436 million, PC-I (Dam Part PKR 479,686 million while cost for PC-I (Power Generation Facilities yet to be approved) is PKR 751,000 million.
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As per financing plan, the Acquisition of Land and Resettlement is being financed by government of Pakistan as PKR 106,897 million has been released against PC-I (AL&R) amounting to PKR 175,436 million.
Similarly, financing plan for the Dam’s part includes PKR 233,686 million under government share, PKR 144,000 million under commercial financing and PKR 100,000 million under WAPDA equity.
The financing plan of power generation facilities includes PKR 76,000 million under WAPDA Equity, PKR 429,000 million under Commercial Financing and PKR 246,000 under Integrated Water Flow Model Demand Calculator (IDC) which shall be recovered through tariff.
Similarly, the amount spent by previous governments on the Dam is PKR 86,685 million under acquisition of land and resettlement (AL&R) since 2009-10 while the present government has spent PKR 30273 million under AL&R and PKR 51,555 million under dam part. The total amount of PKR 116,158 million has been spent under AL&R and PKR 51,555 million under the Dam’s part.
The information further revealed that Supreme Court of Pakistan is custodian of Dam Fund. The total amount of the
Funds collected for the project so far is PKR 12,934,008,868 up to July 15, 2021. Moreover, thanks to the present government which is giving priority to completion of mega power projects and had earmarked PKR 15,500 million for the Dam part and PKR 7,000 million for AL&R during fiscal year 2020-21.
The PC-I (Dam Part) was approved @1USD = PKR 105.3, however, the cost will be updated during revision of PC-I in accordance with guidelines of Planning Commission’s Manual for Development projects.
As per plan for construction, the Consultants for main works have commenced their services from October last year while Contractor for Main Dam works have been mobilized at site after signing of Contract Agreement with commencement date as August 07, 2020.
