ADB keen to fund Naulong Dam and National Flood Telemetry Project

Asian Development Bank (ADB) Director for Central and West Asia Jiangfeng Zhang, alongwith ADB team, called on WAPDA Chairman Lt Gen Muhammad Saeed (Retd) at WAPDA House. Matters relating to providing funds for Naulong Dam Project and National Flood Telemetry Project were discussed in detail during the meeting.

WAPDA Member (Finance), Member (Water), Member (Power) and other senior officers also attended the meeting.

Speaking on the occasion, ADB Director for Central and West Asia said that ADB would continue working with WAPDA by deepening its ties for implementation of the climate-resilient projects in Pakistan. He also appreciated WAPDA for its technical expertise in harnessing water resources in the country.

Earlier, WAPDA Chairman thanked ADB for its support in handling the precious water resources in Pakistan. It was agreed during the meeting that the pre-requisites for both projects, National Flood Telemetry Project in particular, would be timelined to fast-track the financing arrangements and, thereafter, initiating construction work on the projects.

It is important to note that ADB has already shown keen interest in providing funds for Naulong Dam and National Flood Telemetry Project.

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