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WB may allot $200 mln for CASA-1000 project

Business Materials 27 December 2011 17:25 (UTC +04:00)
The World Bank (WB) studies the possibility of allocating $200 million as a preferential loan for the implementation of Central Asia South Asia Electricity Trade and Transmission Project (CASA-1000), aimed at electricity surplus transmit from Tajikistan and Kyrgyzstan to Afghanistan and Pakistan
WB may allot $200 mln for CASA-1000 project

Azerbaijan, Baku, Dec. 27 / Trend V. Zhavoronkova/

The World Bank (WB) studies the possibility of allocating $200 million as a preferential loan for the implementation of Central Asia South Asia Electricity Trade and Transmission Project (CASA-1000), aimed at electricity surplus transmit from Tajikistan and Kyrgyzstan to Afghanistan and Pakistan, Asia-Plus reports.

This loan will be distributed among four countries, participating in this project - Afghanistan, Tajikistan, Pakistan and Kyrgyzstan.

Total cost of the CASA-1000 project is $953 million, including unexpected expenses and all necessary ecological and social expenses.

The participating countries are expected to allocate funds to cover the expenses for project infrastructure, placed within their borders.

Afghanistan is expected to invest $309 million, Kyrgyzstan $196 million, Pakistan $197 million and Tajikistan $251 million to the implementation of the project.

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