Latest news
Thumbnail
Business

ADB Injects $400 Million for Development Projects

The Afghan finance ministry and the Asian Development Bank (ADB) officials on Sunday signed an agreement for the ADB to provide a $400 USD aid package for Afghanistan.

The money will be invested in development projects.

According to the finance ministry officials, the new aid package will be invested in the reconstruction of the Kabul-Kandahar highway, construction of the Qaisar-Dara Bom road and the extension of the 220-kilovolt electricity line from Arghandi area in Kabul up to Jalalabad city in Nangarhar.

The extension of the electricity line from Arghandi up to Jalalabad is a part of the projects which will be funded by the new aid package provided by the ADB.

“The Kabul-Kandahar highway will be reconstructed from Ghazni to Kandahar because it is in a very bad condition and the government has decided to start the reconstruction work,” Mustafa Arya, head of the donation coordination department of the finance ministry said.

By the completion of the electricity project from Kabul to Jalalabad, around 300 megawatts electricity will be provided for the eastern provinces.

ADB deputy country director, Shanny Campbell, said implementation of these projects is very important for the development of the country.

“The project is part of a $1,2 billion sollar energy supply improvement investment program which runs from 2015 to 2024. It is financed through the Afghanistan Infrastructure Trust Fund (AITF) which is administered by ADB,” said Campbell.

According to the finance ministry, aside from the construction of Qaisar-Dara Bom road, schools, hospitals and government buildings also will be established alongside the road which will give a helping hand in promoting rural lives. 

Business

ADB Injects $400 Million for Development Projects

ADB provides an aid package for three major development projects in Afghanistan.

Thumbnail

The Afghan finance ministry and the Asian Development Bank (ADB) officials on Sunday signed an agreement for the ADB to provide a $400 USD aid package for Afghanistan.

The money will be invested in development projects.

According to the finance ministry officials, the new aid package will be invested in the reconstruction of the Kabul-Kandahar highway, construction of the Qaisar-Dara Bom road and the extension of the 220-kilovolt electricity line from Arghandi area in Kabul up to Jalalabad city in Nangarhar.

The extension of the electricity line from Arghandi up to Jalalabad is a part of the projects which will be funded by the new aid package provided by the ADB.

“The Kabul-Kandahar highway will be reconstructed from Ghazni to Kandahar because it is in a very bad condition and the government has decided to start the reconstruction work,” Mustafa Arya, head of the donation coordination department of the finance ministry said.

By the completion of the electricity project from Kabul to Jalalabad, around 300 megawatts electricity will be provided for the eastern provinces.

ADB deputy country director, Shanny Campbell, said implementation of these projects is very important for the development of the country.

“The project is part of a $1,2 billion sollar energy supply improvement investment program which runs from 2015 to 2024. It is financed through the Afghanistan Infrastructure Trust Fund (AITF) which is administered by ADB,” said Campbell.

According to the finance ministry, aside from the construction of Qaisar-Dara Bom road, schools, hospitals and government buildings also will be established alongside the road which will give a helping hand in promoting rural lives. 

Share this post