SIFC Aims for Massive Boost As It Targets $14 Billion Investment through Diamer-Bhasha Dam Project

The Special Investment Facilitation Council (SIFC) is working to attract investment from various countries for the Diamer-Bhasha Dam project, which has been quite successful in attracting investments of 14 billion from the Gulf and other countries for the Diamer-Bhasha Dam project.

The council expects to showcase this through choices of soft loans and investments. The Dam’s water part will integrate the utilization of soft credits, while alluring investment offers will be considered for the power part of the mega project, as indicated by a national daily.

Estimation for the culmination of the long-deferred dam is supposed to surpass $14 billion.

In its third board meeting, SIFC coordinated with WAPDA to recruit a monetary expert for the Diamer-Bhasha project. Appropriately, the most recent appraisals place development costs at more than Rs. 1,236.1 billion. WAPDA has been asked by the SIFC to finish the monetary model and investigate investment/transaction potential chances to meet all necessities to help the task.

It bears referencing that the Power Division along with WAPDA will likewise seek advance funding opportunities for Diamer Bhasha’s water part and afterward, investment offers for the power part.

The hybrid civil-military Special Investment Facilitation Council is right now dealing with projects worth billions of dollars for investments by Gulf nations, including the Diamer-Bhasha dam and mining activities at Reko Diq in Balochistan’s Chagai locale.

The rundown of endorsed projects by SIFC shows that assuming the plans are all gotten by nations like Qatar, Saudi Arabia, the Unified Middle Easterner Emirates, and Bahrain, investments speculations under the SIFC standard could surpass the arranged +$14 billion assuming that the council adheres to its standards.

The Diamer-Bhasha dam has additionally been proposed to Beijing under the ambit of the China-Pakistan Economic Corridor.

Also Read: World Bank Scrutiny Report On National Transmission Modernization Project.

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My name is Muhammad Ehsan I had been part of different websites and news agencies as well. I am interested in Media and news writing.

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