Rupee fall raises two dam costs Rs1.9tr

Cost pressure linked to a weaker rupee has added Rs1.896 trillion to Diamer-Bhasha and Dasu estimates, the Ministry of Water Resources told the National Assembly.

The Ministry of Water Resources told the National Assembly the two projects’ estimates rose by a combined Rs1.896 trillion.

Diamer-Bhasha Dam’s cost rose by Rs642 billion, from Rs479 billion to Rs1.121 trillion.

Dasu Hydropower Project’s estimate jumped from Rs486 billion to Rs1.740 trillion, up Rs1.254 trillion or about 260%.

The ministry linked the rise mainly to foreign-exchange rate changes and said a revised PC-I had been submitted.

Cement, high-speed diesel, and steel and iron bars also rose sharply, adding to infrastructure costs.

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