ECNEC approves development projects worth billions of rupees

[Edevelop]

ISLAMABAD: The Executive Committee of National Economic Council (ECNEC) here on Monday approved a number of development projects worth billions of rupees, including the project for the construction of Additional Carriageway (ACW) of Torkham-Jalalabad Road Afghanistan, 73.67km at the re- rationalized cost of Rs. 7343.540 million.

The ECNEC was held under the chairmanship of Federal Minister for Finance Senator Mohammad Ishaq Dar here at the Prime Minister's Secretariat.

The project of New Gwadar International Airport got in principle approval at the revised cost of 26596 million rupees with the direction from the chair that the additional work (extension of runway for other planes) will also be completed in this revised cost and report will be brought on this in the next ECNEC.

The ECNEC considered and approved the project for the construction of Additional Carriageway (ACW) of Torkham-Jalalabad Road Afghanistan, 73.67km at the re-rationalized cost of Rs. 7343.540 million.

The funds for this project are proposed to be met out of $500 million pledged by the Government of Pakistan for the reconstruction and rehabilitation of Afghanistan.

The ECNEC considered and approved the project brought by the Government of Balochistan for improving the standard of education in the province.

Balochistan Education Project (BEP) will take 3 years for completion with the total cost of $34 million.

The finance for the project is arranged in the form of a grant from Global partnership for Education under the World Bank supervision and guidelines for Baluchistan Education sector to provide access to primary education.

The project will cover entire 32 Districts of Balochistan.

Under this program 2000 mixed gender primary schools will be established and 60 girls' schools will be upgraded.

This programme will also bring 100,000 out of school children to schools and will provide employment to 4000 teachers.

The Finance Minister congratulated Abdul Raheem Ziaratwal Minister of Balochistan for bringing in such an excellent project with far reaching implications.

The Project of Pakistan Railways for the rehabilitation, up gradation and conservation of 400 coaches also got approved by ECNEC.

The Project has the revised cost of 5200 million rupees including FEC of Rs.446.432million.

Pakistan Railways will also be the executing agency. Out of the total 400 coaches 250 have already been rehabilitated and 43 are in the factory for rehabilitation.

The project of Ministry of Communications for construction of Amri-Kazi Bridge over River Indus (Between Hyderabad Bypass and Dadu Moro Bridge) connecting N-5 with N-55 was approved at the rationalized cost of Rs. 7189.108 million.

The Federal government will bear 50% of the total cost for this project and the rest is to be shared by the Sindh government.

The National Highway Authority is responsible for the execution of the project.

The revised project envisages construction of 1320 meter long and 19.825 meter wide 4 Lane Bridge over River Indus between Amri located on N-55 and Qazi Ahmed located on N-5 in the District of Nawabshah.

The scope of work includes construction of 19.345 Km long and 7.3 meter wide two lane (Single carriageway) approach roads. The scope of work also includes construction of 3.534 Km long guide banks, 75 meter long bridge over RBOD, interchange at N-55 along with ramps, loops, road furniture and allied facilities.

Indus 21 Water Sector Capacity building and Advisory Services Project with revised PCII was approved at the rationalized cost of 7659.06 million rupees.

The project is fully financed through IDA credit and shall be executed by PMPIU, WAPDA, IRSA, IPDF and Water section of Planning Commission.

The WCAP is a highly technical nature project aiming at improvement of water resources management investment planning of water resources in the Indus River Basin in order to strengthen Pakistan's water sector sustainability. According to Ministry of W&P the project is rated satisfactory by the World Bank.

The ECNEC also considered and approved the construction of Expressway on East Bay of Gwadar Port at the rationalized cost of Rs.14062 million out of which Rs.13543 million is the FEC component.

The executing agency will be Gwadar Port Authority, Ministry of Ports and Shipping, Government of Pakistan.

The Project is one of the early harvest projects of the China Pakistan Economic Corridor.

The project has an FEC of Rs.2751 million and the financing sources are Federal PSDP through Chinese loan/ Omani Grant $17.5 million/ CAA own funds (10% of the cost).

500KV Sub-station Faisalabad West project also got approval from ECNEC at the rationalized cost of 9379.505 million rupees with 5690.771 million rupees as the FEC.

The main objective of the project is to enhance the capacity of NTDC system by construction of 500/220/132 kV substation at Faisalabad West in order to remove the transmission constraints of Faisalabad and its surrounding areas to meet the growing demand of FESCO.

The Detail Design and Construction of Gorkin- Matiltan Hydro power project 84 MW with Revised PC I was also approved by ECNEC at the rationalized cost of Rs. 20722.94 million.

The project will bring in an annual income of 3522.08 million rupees after its completion in 6 years and 8 months.

The cost of the project will be met 20% by the Annual Development Program and 80% by loan from Hydel Development Fund of KP government.

Pakhtunkhwa Hydel Development Organization will be responsible for the execution, operation and maintenance of the project.

ECNEC approves development projects worth billions of rupees

 

[Edevelop]

New Gwadar Airport gets ECNEC’s approval

ISLAMABAD: The Executive Committee of National Economic Council (Ecnec) on Monday approved nine mega development schemes requiring a total expenditure of Rs105 billion including construction of the New Gwadar International Airport at a cost of Rs26.6 billion.

Called the apex project-sanctioning authority, Ecnec directed the Aviation Division to change the design of the Gwadar project in order to facilitate the landing and take-off of Boeing 777 aircraft.

The Planning Commission proposed to revise down the project cost to Rs21.5 billion, but because of further modifications in the design, it would cost no less than Rs26.6 billion, said an official of the Ministry of Finance.

As part of its $46.6 billion investment programme for Pakistan, China is expected to provide $662 million in assistance for developing land, airport and seaport facilities in Gwadar.

Oman has promised a grant of $17.5 million for the new airport while the Civil Aviation Authority will bear one-tenth of the total cost from its resources.

Initially, Ecnec had approved the Gwadar airport in January 2010 at a cost of Rs7.7 billion. Since then, the project has been facing delays because of its cost estimate and design structure. Until June last year, Rs803 million had been spent on its development.

The project featured on the PML-N government’s priority list following a strategic partnership accord between Pakistan and China for establishing an economic corridor.

Under the partnership, China is planning to use the Gwadar Port for developing its western parts, which have been roiled by insurgency and separatist movement because of its largely underdeveloped status.

Ecnec gave its seal of approval to the construction of an expressway on the east bay of Gwadar Port at a cost of Rs14.1 billion. China will provide Rs13.5 billion for the project, part of the early harvest programme of the economic corridor.

The committee considered and cleared the development of Gorkin-Matiltan hydropower project of 84 megawatts at a rationalised cost of Rs20.7 billion.

The project will bring an annual income of Rs3.5 billion after completion in about seven years. A fifth of the cost will come from the Annual Development Plan of Khyber-Pakhtunkhwa and the remaining 80% will be injected in terms of loan from the Hydel Development Fund of the province.

A project for the construction of 73.7km Torkham-Jalalabad road, costing Rs7.4 billion, also won Ecnec’s nod. The need of funds is proposed to be met out of the $500 million pledged by Pakistan for the reconstruction and rehabilitation of Afghanistan.

The committee cleared the Balochistan educational project with an expenditure of Rs3.6 billion. Finances are being arranged in the shape of a grant from the Global Partnership for Education under the supervision of the World Bank with guidelines for the province to provide access to primary education.

The project will cover the entire 32 districts of Balochistan. A total of 2,000 mixed-gender primary schools will be established and 60 girls’ schools will be upgraded. This will bring 100,000 out-of-school children to educational institutions and will provide employment to 4,000 teachers.

A project for the rehabilitation, upgrading and conservation of 400 coaches of the Pakistan Railways also got Ecnec’s green signal. With an investment of Rs5.2 billion, 400 coaches will be rehabilitated. Ecnec approved, in principle, the construction of Amri-Kazi bridge over Indus River at a cost of Rs7.2 billion. The federal government will bear half of the cost and the rest will be paid by the Sindh government.

With spending of Rs7.7 billion, the water sector capacity building and advisory services project was also cleared. The project will lead to improvement in water resources management and investment planning in the Indus River basin in order to strengthen the water sector’s sustainability.

The committee cleared the 500-kilovolt sub-station Faisalabad west project at a rationalised cost of Rs9.4 billion.

Development schemes: New Gwadar Airport gets ECNEC’s approval – The Express Tribune

 

[xyxmt]

Yar yeh approval to bohot detey hain us me kutch kharch ne hota, lakin bbus sare projects approval tuk he rehtey hain