English | دری

ADB pledges USD 200mn for Afghanistan’s power projects

in Afghan Business

ADB pledges USD 200mn for Afghanistan’s power projects

ADBAsian Development Bank’s country director Joji Tokeshi signed an agreement with Afghan Finance Minister Omar Zakhilwal on donating USD 200mn for power projects in Afghanistan.

The projects, including power transmission and distribution grid development, are to be implemented in northern, central and eastern parts of Afghanistan.

Speaking on the occasion, Minister Zakhilwal termed the energy sector a “fundamental” factor for Afghanistan’s vibrant economy.

The projects would connect more than 20,000 new customers to the country’s power grid.

The second tranche of the agreement, the Transport Network Development Investment Program, concerned donations towards improving transport infrastructure aimed at generating job opportunities and increasing access to domestic and international markets.

“Roads are essential to Afghanistan’s economic development and the country has a challenging terrain and a widely-scattered population. As a landlocked country, it depends on roads for trade with neighboring countries,” said Tokeshi.



Related Articles

Civil service job fair held for Afghan Women

The United States Agency for International Development Mission in Afghanistan (USAID) and the Government of Afghanistan are working together to

Kabul residents complain about the poor conditions of the roads

Residents from various regions of Kabul city have complained about the poor conditions of the roads in the city. The

Kabul Polytechnic University graduates its first class of Master’s Degree students

Kabul Polytechnic University graduated its first class of Master’s Degree students. According to a statement from the Ministry of Higher

No comments

Write a comment
No Comments Yet! You can be first to comment this post!

Write a Comment

Your e-mail address will not be published.
Required fields are marked*

Time limit is exhausted. Please reload the CAPTCHA.