PM intervenes to save $4.3b Dasu dam project
By Danish Hussain Published: September 27, 2018 49 SHARES SHARE TWEET EMAIL PM Imran Khan. PHOTO: GOVERNMENT OF PAKISTAN ISLAMABAD: Prime Minister Imran Khan on Wednesday directed the authorities concerned to resolve the lingering issue of land acquisition for the Dasu hydroelectric dam at the earliest. This intervention was made after the World Bank warned about possible delays and cost escalation in the $4.3 billion project. Deposed prime minister Nawaz Sharif had performed the groundbreaking ceremony of the 2,160 megawatt project in June 2014. However, the authorities concerned have failed to complete land acquisition in this regard. The World Bank had already approved a loan of $588.4 million for the project. It warned Pakistan that further delays in land acquisition would result in the cost of the project to escalate significantly and asked the government to intervene in the matter to save the project from being completely derailed. World Bank warns...