Sunday, 30 April 2017

Asian Development Bank (ADB) pledges USD 300 million for Afghanistan’s infrastructure development

The Asian Development Bank (ADB) has pledged to provide USD 300 million to support infrastructure projects in Afghanistan.
According to ADB officials, reconstruction of highways and building a solar power generation facility in eastern Nangarhar province are part of the projects.ADB Country Director Mr. Panella said the solar park in Nangarhar will generate between 20 - 30 megawatts of electricity. The Afghan Deputy Minister of Energy and Water of Afghanistan, H.E. Amanullah Ghalib, said the project would help immensely with power shortage problem in the province. “The project costs USD 50mn and the Asian Development Bank will also help us in technical assessments of the project,” said Ghalib. ADB also promised a grant of USD 878 million in aid and assistance to Afghanistan’s development projects for the next four years at the Brussels conference last year. The amount is expected to be used in transport, energy and mining sectors.