The United States Agency for International Development (USAID) has released the first tranche amounting to US $ 20 million to the Pakistan Water and Power Development Authority(WAPDA) for Gomal Zam Dam Project. The USAID had signed an agreement with WAPDA last month for providing US $ 40 million to help complete under-construction Gomal Zam Dam Project. Had this financial assistance not been provided, construction work on the project would have virtually come to a stand still due to paucity of funds through Public Sector Development Programme (PSDP). Release of US $ 20 million to WAPDA is a vital development towards completion of Gomal Zam Dam Project. It is pertinent to mention that the project is at the advance stage of completion and is expected to be completed during 2011. Gomal Zam Dam is a multi-purpose project being constructed in South Waziristan Agency of Federally Administered Tribal Area (FATA). The project aims at ensuring availability of irrigation water for agriculture, controlling floods and providing low-cost hydel electricity. On its completion, Gomal Zam Dam will store 1.14 million acre feet of water to irrigate 163,000 acres of land. The project will provide 17.4 megawatts of electricity to power 25,000 households. Gomal Zam Dam Project will also help mitigate an estimated $ 2.6 million of potential flood damage annually.