ECNEC Approves Rs.322 Billion for Developmental Projects

ECNEC Approves Rs.322 Billion for Developmental Projects

ECNEC Approves Rs.322 Billion for Developmental Projects

The budget of Rs322.44 billion is approved for the 13 major development projects in a meeting of the Executive Committee of the National Economic Council (ECNEC) chaired by Finance Minister Dr. Abdul Hafeez Sheikh.  

A huge chunk of the budget is dedicated to the  Khyber Pakhtunkhwa in order to improve the utilization and availability of resources and healthcare facilities for the citizens. These projects are supposed to be implemented in upcoming years.  

For the construction of Swat Motorway, Phase-II, land worth  Rs 20 billion will be purchased. It also includes the construction of about 80km of four-lane motorway from Chakdara to Fatehpur.

An additional two-lane and restoration of the existing two-lane carriageway of the Shikarpur-Rajanpur are also approved by (ECNEC). A section of the Indus Highway (N-55) to be executed by the National Highway Authority, worth Rs44.704billion, including Rs40.234 billion funding from the Asian Development Bank and Rs4.47 billion from the federal government. 

(ECNEC) has also approved Rs46.98 billion worth of NaiGaj Dam Project for Dadu district, which will be executed by Wapda and the Irrigation Department of Sindh and the construction of a 69-km-long Sambrial-Kharian Motor­way with an estimated cost of Rs43.383 billion. It will be a high-speed toll road facility that will start from Sambrial city and end at Lahore-Sialkot Motorway.

It has been estimated that the projects would cover a local population of about 8.4 million, besides 500,000 refugees. The committee recommended that all the approved projects will be completed on a public-private partnership basis.

ECNEC Approves Rs.322 Billion for Developmental Projects

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