Despite a preponderance of data on the high level of financial and environmental risks, the World Bank has opted to become a major financial backer of the Rogun hydropower dam project in Tajikistan, approving an initial $350 million grant to help finish the first phase of construction. Following up on the World Bank’s decision, the Asian Infrastructure Development Bank announced a $270 million loan for dam construction and the Kuwait Fund for Arab Economic Development extended a $100 million line of credit to the project, the first loan installment…
