Over 32000 acres of land acquired for Diamer Basha Dam project so far

Over 32000 acres of land acquired for Diamer Basha Dam project so far.

The government has so far acquired 32,073 acres of land for important Diamer Basha Dam project.

Official sources expect its completion by April, 2029.

That would meet growing water and power needs of the country.

Over 32000 acres of land acquired for Diamer Basha Dam

The acquired land is around 90 percent of total required 35,924 acres of land for the project.

According to the official information, the total estimated cost of Diamer Basha Dam project stood at Rs.1406, 122 million.

That includes PC-I (acquisition of land and resettlement Rs. 175,436 million, PC-I (Dam Part Rs. 479,686 million.

And the cost for PC-I (Power Generation Facilities yet to be approved) estimated Rs. 751,000 million.

Similarly, previous governments spent Rs. 86,685 million under acquisition of land and resettlement (AL&R) since 2009-10.

Present government has spent Rs. Rs. 30273 million under AL&R and Rs. 51555 million under dam part.

Moreover, the total amount of Rs. 116,158 million spent under AL&R and Rs. 51,555 million under the Dam’s part.

SC remains custodian of Dam Fund

The information further revealed that Supreme Court of Pakistan remains custodian of Dam Fund.

The total amount of the Funds collected for the project so far is Rs. 12,934,008,868 up to July 15, 2021.

Moreover, present government that is giving priority to completion of mega power projects.

It had earmarked Rs. 15,500 million for the Dam part and Rs. 7,000 million for AL&R during fiscal year 2020-21.

The PC-I (Dam Part) was approved @1US$ = Rs. 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.

Contractor for Main Dam works mobilized at site after signing of Contract Agreement with commencement date as August 07, 2020.

As per financing plan, government of Pakistan is financing the Acquisition of Land and Resettlement. It has released Rs. 106,897 million against PC-I (AL&R) amounting to Rs. 175,436 million.

Similarly, financing plan for the Dam’s part includes Rs. 233,686 million under government share.

Furthermore, it includes Rs. 144,000 million under commercial financing and Rs. 100,000 million under WAPDA equity.

The financing plan of power generation facilities includes Rs. 76,000 million under WAPDA Equity, Rs. 429,000 million under Commercial Financing and Rs. 246,000 under Integrated Water Flow Model Demand Calculator (IDC).

Later, they will recover it through tariff.

GTV