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ECNEC approves development projects over Rs 4tr

July 06, 2022 (MLN): The Executive Committee of the National Economic Council (ECNEC) on Wednesday approved numerous development projects worth Rs4.12 trillion.

According to the details issued, ECNEC considered and approved the project on Construction of Hyderabad –Sukkur Motorway on a Built Operate Transfer (BOT) basis with a revised cost of Rs308,194.00 million, with GoP share of Rs10.3 billion (Rs9,500 million as Capital VGF, Rs300 million as NHA establishment charges and Rs500 million as contingencies).

The project is to be executed by the National Highway Authority (NHA) and envisages construction of 306 Km long, 06 –lanes wide divided fenced between Hyderabad and Sukkur.

The approval of the project is subject to fulfillment of all codal formalities and approval of legislation from the National Assembly.

ECNEC also considered and approved the construction of the Lahore-Sialkot Motorway (LSM) link Highway (04-Lane) connecting LSM to Narang Mandi and Kartarpur Narowal including Narowal Eastern Bypass at a revised rationalized cost of Rs17,379.949 million.

The revised project envisages rehabilitation, dualization, and construction of a 73- Kms long 04-lane dual carriageway, connecting Kartarpur with Lahore- Sialkot Motorway and Nankana. The project is to be completed in three years.

ECNEC also discussed and approved Punjab Urban Lane Systems Enhancement Project (PULSE) at a cost of Rs25,500 million with FEC of Rs1,378.756 million. The project is to be executed by the Board of Revenue (BoR) through Punjab Land Records Authority (PLRA) and Provincial Disaster Management Authority (PDMA) to develop cadastral mapping including digital land records of urban, peri-urban, and rural areas of the entire Punjab.

The project will be carried out through a 100% loan by the World Bank in 60 months period.

ECNEC also approved a project on the construction of the Northern section of the ring road (Missing Link), from Warsak road to Nasir Bagh road with a cost of Rs16,489.198 million and fully funded and executed by the government of Khyber Pakhtunkhwa.  The project envisages the construction of 6 lane with a total length of 8.7 km to be completed in three years. 

The ECNEC further observed that projects fully funded by provinces with no foreign funding may be exempted from consideration by CDWP and ECNEC.

ECNEC discussed and approved a revised project for the construction of Mangi Dam in Baluchistan at a cost of Rs13,247.893 million located about 60 kms east of Quetta city on the Khost river. The Federal Government will bear only 50 % cost of the original approved PC-I and an increase in cost due to the up-gradation of the power supply grid station & transmission line.

Any other increase in cost will be borne by the province from its resources. The 61 m high concrete gravity dam has a gross reservoir capacity of 36.4 MCM and an annual release of 13.4 MCM. The main objective of the project is to reduce the existing shortfall in the water demand that is being faced by Quetta city. The proposed Mangi dam will enable a supply of 8.1 mgd to Quetta city.  

ECNEC also gave approval to two projects in Karachi city, one “Restoration and revamping of Orangi Nullah” at a revised cost of Rs15,007.25 million in Orangi Town, Karachi West district, and other “Restoration and revamping of Gujjar Nullah” at a revised cost of Rs14,854.40 million in Karachi Central district respectively.

Projects are being sponsored by NDMA and are to be completed in 21 months.

The meeting was chaired by Federal Minister for Finance and Revenue Mr. Miftah Ismail.

Federal Minister for Planning, Development and Special Initiatives Mr. Ahsan Iqbal, Federal Minister for Commerce Syed Naveed Qamar, Planning & Development Minister of Baluchistan Mr. Noor Muhammad Dummar, Finance Minister Khyber Pakhtunkhwa Mr. Taimur Saleem Khan Jhagra, Federal Secretaries and other senior officers from Federal as well as provincial participated in the meeting.

Copyright Mettis Link News

Posted on: 2022-07-06T20:58:20+05:00

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