World's Tallest Dam Project Gets New Life With Fresh World Bank Funding

AI Summary

The World Bank approved a further $300 million grant for Tajikistan’s Rogun Dam, following a $350 million grant in December 2024. Italian builder WeBuild Group says it began work on a $2.3 billion part of the project, renewing momentum for the massive hydropower development.

Construction on Tajikistan’s massive Rogun Dam project has taken significant steps forward over the last year, seeming to put to rest doubts about the project’s viability that had bubbled up last summer.  In June, World Bank’s Board of Executive Directors approved a $300 million grant for the project – its second round of funding, on top of a $350 million grant approved in December 2024.  WeBuild Group, the Italian infrastructure conglomerate building the dam, announced in August that it began work on the $2.3…