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Thursday, May 23, 2024

Mega development of Rs265,281m approved by ECNEC

According to the details, Rawalpindi Ring Road, Lai Nullah Express Way, and various poverty, alleviation programs for Southern Punjab are among the projects approved by the ECNEC.

The National Economic Council (ECNEC) here on Wednesday approved Rs265,281.12 million for various road infrastructure projects, including Rawalpindi Ring Road and Lai Nullah Express Way, as well as for poverty alleviation in Southern Punjab.

Adviser to the Finance and Revenue Shaukat Tarin chaired the ECNEC meeting, which among others was attended by Federal Minister for Planning, Development and Special Initiatives, Asad Umer; Federal Minister for Industries and Production, Makhdoom Khusroo Bakhtiar; Federal Minister for Energy Hammad Azhar; Adviser to the PM on Commerce and Investment, Abdul Razak Dawood; Minister for Irrigation Department Punjab, Muhammad Mohsin Leghari, Federal Secretaries and other senior officers from federal as well as provincial governments.

According to details, the council revised the Project for the Construction of Hyderabad –Sukkur Motorway on a Built Operate Transfer (BOT) basis with a cost of Rs. 191,471.074 Million.

Read more: PPPA board approves Rs92 billion for Hyderabad-Sukkur motorway project

The Project would be executed by National Highway Authority (NHA) and envisages construction of 306 Km long, 06– lane wide divided fenced between Hyderabad and Sukkur.

ECNEC also approved the Project of Land Acquisition for Lai Expressway & Flood Channel, Rawalpindi, worth Rs. 24,960.70 Million with directions that no expenditure would be incurred till the completion of the EIA report and approval of the Project from the PPP Board. The Project will be executed by Rawalpindi Development Authority (RDA).

The Project envisages the acquisition of 750 Kanals of land to provide a clear Right of Way for construction of the Lai Nullah Expressway and flood Channel Project which would constitute an integral part of the transportation network of Rawalpindi besides flood mitigation and sewage disposal.

Read More: Rawalpindi Ring Road construction to kick off this year

ECNEC also approved a project on the Construction of Rawalpindi Ring Road – R3, the main carriageway from Baanth (N-5) to Thallian (M-2), amounting to Rs. 23,606.214 Million with the condition to acquire the concurrence of the Planning Commission and inclusion of Axel load management in the Project.

Provincial ADP will finance the Project, and Rawalpindi Development Authority (RDA) will execute the Project to construct six lanes access-controlled Rawalpindi Ring Road 38.3 Km in length.

ECNEC also approved the revised Southern Punjab Poverty Alleviation Project (SPPAP) worth Rs. 25,243.131 Million. Contributions from the International Fund for Agriculture Development (IFAD), the Government of Punjab, and Beneficiaries will assist the funding of the Project spread over ten districts of Punjab

Read more: ADB lends Punjab $200m for a modern irrigation system

The council also discussed in detail and deferred Greater Thal Canal Project (Phase-II) with observations to discuss in the next meeting after considering the technical aspect of the Project, inclusion of comments of Sindh province in the report of CDWP, and addressing the reservations of all the stakeholders.

Courtesy APP with additional input by GVS News Desk