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ISLAMABAD: No allocations would be made in the next budget for unapproved projects and efforts are in progress to secure a $9 billion Chinese loan for Main Railway Line (ML-1) at around two per cent interest, a Senate committee was told on Thursday.
At a meeting of the panel, federal Minister for Planning, Development & Reforms Asad Umar said he had issued directives that no unapproved project should be included in the next Public Sector Development Programme. No project will be included in the PSDP in future till land is purchased for it.
He said it would also be settled in advance whether a project would be funded by the federal government or the province concerned. “We have seen the fate of Karachi Green Line and other projects,” the minister said while referring to cost escalations and delays in various projects due to undecided issues.
The meeting of the Senate Standing Committee on Planning, Development & Reforms, presided over by Senator Agha Shahzaib Durrani, discussed various issues related to Nai Gaj dam, ML-I, toll tax on Motorway and G.T. road and new projects.
https://www.dawn.com/news/1520698/govt-trying-to-get-9bn-chinese-loan-for-railway-project-at-2pc
At a meeting of the panel, federal Minister for Planning, Development & Reforms Asad Umar said he had issued directives that no unapproved project should be included in the next Public Sector Development Programme. No project will be included in the PSDP in future till land is purchased for it.
He said it would also be settled in advance whether a project would be funded by the federal government or the province concerned. “We have seen the fate of Karachi Green Line and other projects,” the minister said while referring to cost escalations and delays in various projects due to undecided issues.
The meeting of the Senate Standing Committee on Planning, Development & Reforms, presided over by Senator Agha Shahzaib Durrani, discussed various issues related to Nai Gaj dam, ML-I, toll tax on Motorway and G.T. road and new projects.
https://www.dawn.com/news/1520698/govt-trying-to-get-9bn-chinese-loan-for-railway-project-at-2pc