brazen terror attack in Uri +ISLAMABAD: Pakistan has had no luck with the World Bank funding its 4500 megawatt Diamer-Bhasha dam, a project that India opposes, because it's located in a disputed area in Gilgit-Baltisan. And yesterday, the Asian Development Bank (ADB) too declined to fund the $14 billion dam over the Indus river, Pakistani media reported.Two years ago, the World Bank refused to come on board as a lender for Diamer-Bhasha, because Pakistan didn't want to seek a no-objection certificate from India for the project. In this scenario, the Diamer-Bhasha dam may not go much further. "We haven't decided [whether to fund] this project yet because it needs big money," ADB president Takehiko Nakao said yesterday in Islamabad.Nakao said the United States Agency for International Development (USAID) was conducting a feasibility study on the dam. That's when Pakistan engaged USAID for a feasibility study.

Source: Times of India October 27, 2016 09:49 UTC