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ECNEC approves 53 projects worth Rs. 478 billion

Posted by: APP, Uploaded: 26th May 2011

The Executive Committee of the National Economic Council (ECNEC) here on Thursday approved 53 projects costing over Rs.478 billion, including the foreign exchange component of Rs.172 billion.

The Committee met here Thursday under the chairmanship of Finance Minister Dr. Abdul Hafeez Shaikh.

Provincial Minister for Finance Sindh, Federal Secretaries and representatives from Sindh, Balochistan, Punjab, KPK, Gilgit-Baltistan, Azad Kashmir, and representatives of sponsoring agencies also attended the meeting.

The meeting approved 15 foreign funded projects worth Rs.165.5 billion including the foreign exchange component of Rs.117 billion.

Seven Flood Rehabilitation Projects worth Rs.64.5 billion including the foreign exchange component of Rs. 28 billion were also approved by the Committee.

Thirty one (31) projects including transport and communications, water and power, health education, industries and commerce were among the Fifty Three (53) approved projects by the ECNEC.

The approved projects include Rs. 2,091.4 million including Rs.34.0 million FEC for feasibility study, detailed engineering design and preparation of tender documents for Bunji dam (Revised).

Twenty Two (22) projects of transport and communication sector were also approved comprising the Construction of Northern Bypass from Qasim Bela to Shershah Road Multan Bypass including Grade Separated Elevated bridge over railway line 7 N-70 (length 12.229 km-Phase-III).

The Construction of 2-Lane Bridge over River Indus at Khushal Garh, District Kohat, Rehabilitation of NGHA highways Network damaged due to un-Precedent Moonsoon rain and Foods, 2010 was also approved.

Gwadar Deep Water Port Project-Phase-I (2nd Revised), Installation of Ship Lift and Transfer System and associated machinery and Equipment to provide Docking and repair facilities to Surface Ships, Submarines and Commercial Vessels (Revised) were also approved by the ECNEC.

It also approved the Construction of Northern Bypass from Bosan road to Qasim Bela Multan Including approach road from Northern Bypass to Multan Airport via Jameelabad Chowk Multan (length 16.05 km Phase-II).

Two projects of health sector worth Rs.26,983 million including Rs.14,195 million F.E.C comprising Medical Equipment and Ambulances for DHQ Hospitals in Khyber Pakhtunkhwa (KPK) and Expended Program on Immunization (EPI) (Revised) were also approved.

Other important approved projects were up-gradation and additional works of Expo Centre, Lahore, Establishment of Turbines and Power Plants Equipment Manufacturing Facility at heavy Mechanical Complex, Taxila, Kala Dhaka Area development Project (Revised) were also approved.

ECNEC also approved Umbrella PC-I for Sindh Flood Emergency Reconstruction Project for bunds and Canals (2010), 76 Nos Emegent Flloed protection Schemes,Restoration of Canals/ Structures Damages and Restoration of Drains/ structure Damages.

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Story first published: 26th May 2011






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