USAID releases $20 million for Gomal Zam Dam project
08 February, 2011
LAHORE: The United States Agency for International Development (USAID) has released the first tranche of $20 million to Pakistan Water and Power Development Authority (WAPDA) for the Gomal Zam Dam project.
The USAID signed an agreement with WAPDA last month to provide $40 million to help complete the under-construction Gomal Zam Dam Project.
A WAPDA spokesman told reporters on Monday that the this financial support had given a new lease of life to the project as construction work on the dam would have virtually come to a standstill due to paucity of funds.
The project is expected to be completed this year. The Gomal Zam Dam is a multi-purpose project being constructed in South Waziristan Agency, and is aimed at ensuring availability of irrigation water and low-cost hydel electricity.
On its completion, the dam will irrigate 163,000 acres of land and will provide 17.4 megawatts of electricity. Gomal Zam Dam project will also help mitigate an estimated $ 2.6 million of potential flood damage annually.