Dar chairs ECNEC meeting


ISLAMABAD, Aug 22(APP): The Executive Committee of the National Economic Council (ECNEC) on Monday considered and approved Balochistan Integrated Water Resource Management and Development Project (BIWRMDP) at the updated cost of Rs.22, 165 million.
The meeting was chaired by Federal Minister for Finance Senator Mohammad Ishaq Dar at the Prime Minister’s Secretariat.
The project is highly important as it is located on Nari and Porali River Basins which will cover almost one fourth of the Balochistan area and will provide multiple benefits to the people of Balochistan. Its cost also includes US$ 200 million as foreign aid from IDA. which will take six years to complete.
The ECNEC considered and approved the Lowari Road Tunnel and Access Road Project at the revised cost of Rs.26, 855 million. The project is expected to complete by October 2017. The revision of cost is the result of the increase in the scope of work of the project which includes the increase in the width of the tunnel from 6 meter to 7.5 meter with clear height of 5 meters. The cost of the project also includes FEC of Rs.5870 million. NHA will be the executing authority for the project.
Equally important and related to Lowari Tunnel project, “Improvement and widening of N-45 (130.22 KM) Project” also got approval from ECNEC at the revised cost of Rs.17, 423 million. The project is located at Chakdara, Timergara, Akhagram, Dir Kalkatak, Chitral. Both Lowari Tunnel project and N-45 project will prove to be a strategic asset for Pakistan. These will go a long way in development of the area and providing better facilities to the public.
Another project in KP which was approved is Construction of Burhan-Havelian Expressway (E-35) 59.1 km (Revised) at the revised PC cost of Rs. 34,165 million. The project is expected to be completed by September 2017. The cost of the project is revised due to addition of 3rd lane on either side of the already ongoing project for construction of 59.1 km limited access controlled four lane divided facility/ motorway with service roads on either side along a new alignment with allied structures/ facilities. The revised project is being funded through ADB loan of US$200 million. ADB also agreed to provide remaining loan amount for additional scope of work.
The Finance Minister of KP, on the occasion thanked the federal government for expediting work on the projects as they are of vital importance to the province.
The ECNEC also considered and approved “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” at Karachi Shipyard at the revised and rationalized cost of Rs.9563 million including FEC of Rs.3,644 million. It also approved construction of Lahore-Sialkot Motorway (89km) at the total cost of 45,382 million rupees. The project will complete in 27 months (September 2016 to December 2018).
The ECNEC also approved “Procurement of 75 Diesel Electric Locomotives (DEL)” at the total cost of 45,496 million with FEC of 31,729.490 million rupees. These will be completely built units (CBU) used for operation in freight/ passenger operations.