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ADB, Pakistan sign agreement for irrigation, power transmission systems
1/19/2012 10:48:55 AM
ISLAMABAD: The Asian Development Bank (ADB) and the Government of Pakistan Wednesday signed an agreement to invest 270 million U.S. dollars in the building of a new barrage and 243 million to improve the country's power transmission systems, the ADB said.
"The new barrage will reduce water leakages and lessen flood risks in an irrigated agricultural area of about 1.2 million hectares, which will in turn help ensure prosperity for a large number of farming families," said Werner Liepach, ADB's Country Director for Pakistan.