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Ecnec Approves Development Projects Worth Rs. 97.64 billion

ISLAMABAD: The Executive Committee of the National Economic Council (ECNEC) on Thursday has approved development projects costing Rs97.64 billion. ECNEC chaired by Adviser to the Prime Minister on Finance and Revenue Abdul Hafeez Shaikh has approved various development projects. ECNEC approved the “Toiwar/ Batozai Storage Dam Project District Killa Saifullah, Balochistan at the 2nd revised cost of Rs4905.667 million. Irrigation Department Government of Balochistan will execute the project. The project will provide storage of 95000 acre feet of water and 16750 acres of land will be brought under cultivation. Prevention from flood damages and improvement of socio economic conditions are other benefits of the project. ECNEC directed the government of Balochistan to ensure the completion of the project within revised approved scope and cost.

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The Naulong Dam Project- Updated 2nd Revised PC-I at a total cost of Rs28,465 million, was given approval in principle to enable Economic Affairs Division to start negotiation with Asian Development Bank for finalizing details of project financing. ECNEC also directed to constitute a committee under Minister EAD, Minister Planning Development and Reforms, Deputy Chairman Privatization Commission, representative from Ministry of Water and Power and Government of Balochistan to discuss the issues related with preparation of second revised PC-I of the project. The committee will give its input within 2 weeks time. Operationalisation of Green Line BRTS and Installation of integrated Intelligent Transport System Equipment- updated Modified PC-I was approved by ECNEC at the total cost of Rs10,956.16 million with Rs 53,16.68 million as FEC.

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