Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home International Customs Afghanistan

India, World Bank willing to invest in Kabul’s Shahtoot dam

byCT Report
12/08/2017
in Afghanistan
Share on FacebookShare on Twitter

KABUL: India and the World Bank (WB) have shown interest in investing in Afghanistan’s Shahtoot water dam project,  the minister of water and energy Ali Ahmad Osmani said on Thursday.

This willingness comes amid the country’s dire need for foreign investments in energy production from domestic resources.

You might also like

Afghanistan’s Economic Growth Expected To Reach 3.3% In 2020

04/02/2020

Afghan Parliament Approves 2020 Fiscal Year’s Budget

23/01/2020

Osmani said the economic and technical survey of the project was wrapped up in Kabul last year and that the ministry of water of energy is now in negotiations with the Indians and the World Bank to invest on the project.

The building of Shahtoot dam will help overcome the shortage of clean drinking water to the residents in the capital city. The dam will be constructed on the Kabul river in Chahar Asyab district.

“The Indian government, based on the aid it has provided, is willing to take part in the construction of this dam. Currently the negotiations are going on. The World Bank has also shown interest in participating in the construction of water supply facilities, purification systems and rest of the phases. We are now in talks with India and the World Bank in this respect,” said Osmani.

Economic experts have said that with the consideration of the reduction of underground waters, the government must step up the efforts for the earlier start of work on the dam project to overcome the water shortage in the capital city.

“One of the advantages of Shahtoot Dam is that this will help provide clean drinking water to nearly two million residents of Kabul who are facing water shortages due to the reduction of underground water in the capital.” Said economic expert Samim Sarem.

Related Stories

Afghanistan’s Economic Growth Expected To Reach 3.3% In 2020

byadmin
04/02/2020

According to a World Bank report, Afghanistan’s economy has grown by 2.9% in 2019 and is expected to reach 3.3%...

Afghan Parliament Approves 2020 Fiscal Year’s Budget

byadmin
23/01/2020

The Afghan parliament approved the coming fiscal year’s budget plan. It gained a majority of votes just ahead of the...

Afghan Government Receives Over $11mn In Revenues from ATRA

byadmin
14/01/2020

The Afghanistan Telecom Regulatory Authority (ATRA) has transferred 878 million Afghanis ($11.3mn) to the special account of the Ministry of...

Govt Spends Extra 1.6 Billion Afs From Code 91: Commission

byadmin
30/12/2019

The government spent 2.6 billion Afghanis from Code 91 this year, but only 1 billion Afghanis was supposed to be...

Next Post

Kuwait bound gutkha worth Rs 5.54crore seized

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.