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MPS Preview: High for Longer

CDWP gives go-ahead to four projects worth Rs121.5bn

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January 24, 2022 (MLN): The Central Development Working Party (CDWP) approved three development projects with a cost of Rs13 billion and recommended one project worth Rs108.5bn to the Executive Committee of the National Economic Council (ECNEC) for further consideration, said a press release issued on Monday.

A project related to Governance was presented in the meeting namely “Khyber Pakhtunkhwa Spending Effectivity for Enhanced Development (SPEED) (IDA Assisted)” worth Rs2572.500 million approved by the forum.

In addition, another project relevant to the higher education commission presented in the meeting namely “Upgradation of University College of Engineering & Technology Mirpur into Mirpur University of Science & Technology, Mirpur (Prime Minister of Pakistan Directive)” worth Rs1890.024 million approved by the forum at its original approved cost and directions to complete by the end of the current financial year, the statement added. 

A project related to Tourism was presented in the meeting namely “Punjab Tourism for Economic Growth Project (PTEGP)” worth Rs8525 million approved by the forum.

Transport and communications related project was also presented in the meeting namely “Kharian to Rawalpindi Motorway” worth Rs. 108410.269 million was recommended to ECNEC for further approval.

The NHA and RDA were directed to coordinate and come up with an agreed way forward for Rawalpindi Section Interchange. The location of the project is District Gujrat, Jhelum, Rawalpindi, in Punjab, Province and the executing agency is National Highway Authority, it noted. 

This project envisages construction of 117.20 Km, 04 lanes access-controlled motorway from Kharian to Rawalpindi.

The meeting was presided over by Deputy Chairman Planning Commission Mohammad Jehanzeb Khan.  

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Posted on: 2022-01-24T21:11:42+05:00

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