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

Afghan-Pak trade dropped by over 40%

The trade between Pakistan and Afghanistan has dropped by over 40% in the past quarter, reported the Pakistan-Afghanistan Joint Chamber

Only one bidder of the scandal-hit Kabul Bank steps forward

Three domestic and two international groups were approved through the Expression of Interest stage for the purchase of New Kabul

$50 Million Grant to Boost Economic Growth and Fiscal Sustainability in Afghanistan

The World Bank today approved a US$50 million grant, through International Development Association (IDA), to help Afghan Government reinforce legal,

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Your e-mail address will not be published.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*