$104.5 million Barani water project to be launched from July: PIPD
The Barani Integrated Water Resources Sector Project will be launched next fiscal year from July 2008, and it will be completed during 2014 by the Punjab Irrigation and Power Department (PIPD) with the financial assistance of the Asian Development Bank (ADB). According to update project investment plan, PIPD sources said the investment cost of the project is estimated at $104.5 million equivalent, including taxes and duties of $14.4 million equivalent. Financial charges during implementation (comprising interest during implementation and commitment charges) are estimated at $7.5 million.