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Gilgit: In a piece of recent news, the government has already purchased 32,073 acres of land for the Diamer-Basha Dam project, which is set to be finished in April 2029 and will fulfil the country’s rising water and electricity demands. The land bought accounts for around 90% of the project’s overall land requirement of 35,924 acres.

Read More: KP CM announced special compensation for Mohmand Dam’ affectees

According to official information, the total estimated cost of the Diamer-Basha Dam project is Rs. 14.06 billion, which includes Rs. 1.75 billion for PC-I (land acquisition and resettlement), Rs. 4.79 billion for PC-I (dam part), and Rs. 7.51 billion for PC-I (power generation facilities yet to be approved).

Similarly, past administrations have spent Rs. 8.6 billion on the dam from 2009/10 via acquisition of land and resettlement (AL&R), whereas the current government has spent Rs3 billion under AL&R and Rs. 5 billion on the project.

Read More: Minister wants CDA to complete feasibility study of two small dams

A total of Rs. 1.16 billion has been spent on AL&R, with Rs. 5.1 billion spent on the dam. The dam finance is also guarded by Pakistan’s Supreme Court, according to the information. Up to July 15, 2021, the total amount of funds received for the project is Rs. 12.9 billion .

For more information, visit our website Tajarat Properties.

 

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