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ADB To Invest $300m In Infrastructure Projects

Officials from the Asian Development Bank (ADB) on Saturday said they would provide at least $300 million USD for Afghanistan’s infrastructure projects.

According to the ADB officials, reconstruction of parts of Afghanistan’s highways and establishing a Solar Park in eastern Nangarhar province are some of the projects the bank would invest in this year.

“Solar power generation facility that will be between 20 and 30 megawatts that will actually generate power and then a transmission line project all from our $300 million dollars,” Thomas Panella, ADB country director in Afghanistan said.

Meanwhile, the deputy minister of energy and water affairs, Amanullah Ghalib, said power shortages would decrease in the eastern zone after the implementation of the Solar Park project in Nangarhar.

Ghalib added that the solar power project would cost $50 million USD.

“The Solar Park project in Nangarhar will produce at least 100 megawatts of electricity. The Asian Development Bank also will help us in technical assessments of the project,” he said.

The Asian Development Bank said at the Brussels Summit it would grant $878 million USD in aid to Afghanistan which will be invested in different projects in the country up to 2020.

ADB To Invest $300m In Infrastructure Projects

Two key projects the bank will invest in are a solar power plant project in Nangarhar province and in the reconstruction of some highways

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Officials from the Asian Development Bank (ADB) on Saturday said they would provide at least $300 million USD for Afghanistan’s infrastructure projects.

According to the ADB officials, reconstruction of parts of Afghanistan’s highways and establishing a Solar Park in eastern Nangarhar province are some of the projects the bank would invest in this year.

“Solar power generation facility that will be between 20 and 30 megawatts that will actually generate power and then a transmission line project all from our $300 million dollars,” Thomas Panella, ADB country director in Afghanistan said.

Meanwhile, the deputy minister of energy and water affairs, Amanullah Ghalib, said power shortages would decrease in the eastern zone after the implementation of the Solar Park project in Nangarhar.

Ghalib added that the solar power project would cost $50 million USD.

“The Solar Park project in Nangarhar will produce at least 100 megawatts of electricity. The Asian Development Bank also will help us in technical assessments of the project,” he said.

The Asian Development Bank said at the Brussels Summit it would grant $878 million USD in aid to Afghanistan which will be invested in different projects in the country up to 2020.

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