Mohmand Dam Cost Rises 115% to Rs 666 Billion: Rupee Slump, Flood Damage & Delays Drive Budget Escalation

In a major development regarding national infrastructure financing, the Water and Power Development Authority (WAPDA) has submitted a revised PC-I for the under-construction Mohmand Dam Hydropower Project to the Central Development Working Party (CDWP), escalating the estimated cost to Rs 666 billion. This represents a 115% increase (an additional Rs 356 billion) over the project’s…