PTI government approved multiple mega projects worth hundreds of billions across country

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PTI government approved multiple mega projects worth hundreds of billions across country

ISLAMABAD - Executive Committee of the National Economic Council (ECNEC) has approved separate projects, including construction of 21-km long dedicated Yellow Bus Rapid Transit-BRT Corridor linking Landhi link to Numaish, 47.55km Peshawar-Torkham Motorway link Project and interlinking of 220 kV Daharki link, Rahim Yar Khan link, Bahawalpur link and Chishtian link Grid Stations for improvement of power supply system in southern areas.

The decisions were taken in a meeting of the Economic Coordination Committee (ECC) of the Cabinet link convened here at the Cabinet link Block with Dr Abdul Hafeez Shaikh, Adviser to the Prime Minister link on Finance and Revenue in the chair, a press release Wednesday said.

The ECNEC approved the construction of Karachi link Urban Mobility Project (Yellow Bus Rapid Transit-BRT Corridor) to be executed by the Government link of Sindh link at a cost link of Rs 61.439 billion link.

The project to be funded mainly by the World Bank link would cover a distance of 21 kms (17.6 km at grade and 3.4 km) and start from link Korangi link Indtstrial Road link Dawood Chowrangi Landhi link, Jam Sadiq Bridge and passing through KPT link Interchange FTC Interchange, Shahrah-e-Faisal, Shahrah-e-Quaideen to Kashmir Road link intersection where it would integrate with Red BRT Corridor.

The project would have 28 stations having facility of 268 buses and some 300,000 passengers would benefit from link the corridor every day.

The ECNEC also approved with a proviso for formation of a coordination committee between the Federal link government link and the Khyber Pakhtunkhwa link government link for overview and fiscal discipline, the construction of Peshawar-Torkham Motorway link Project as component-1 of Khyber Pass Economic Corridor (KPEC) at a rationalised cost link of Rs 36.705 billion link (US$231.10 million link) with World Bank link share link of Rs 34.503 billion link (US$217.24 million link) based on preliminary design.

While the firmed-up cost link of the project would be available after the receipt of bids on Design-Build-Operate/EPC basis for which the Planning Commission would develop guidelines/standard operating procedures as well as other innovative mechanism.

The meeting also approved component-II "Economic Development and Uplift of Areas Adjoining the Motorway link" for which the Framework Agreement link to facilitate preparation and feasibilities through World Bank link had been agreed at a total cost link of Rs 8.357 billion link. The Government link of Khyber Pakhtunkhwa link would submit PC-1 envisaged under the component-II after the feasibility and detailed design.

The ECNEC further approved a project for Interlinking of 220 kV Daharki link, Rahim Yar Khan link, Bahawalpur link and Chishtian link Grid Stations for improvement of power supply system in southern areas at a an updated cost link of Rs 15.795 billion link, including Foreign Exchange link Component of Rs 9.800 billion link to provide reliable and uninterrupted power to consumers.

The project would improve the reliability and uninterrupted power supply to HESCO and MEPCO link areas while the interlinking of R.Y. Khan Grid Station to Daharki link through 220kV transmission line would provide backup link between Multan link, Guddu and Shikarpur link while the proposed line from link R.Y. Khan to Bahawalpur link and in/out of Vehari-Chishtian 220 kV single circuit transmission line would provide additional source of supply to 220 kV Bahawalpur link and Chishtian link grid stations.

Among the other projects, the ECNEC approved construction of a four-lane 18.98 km long (with embankment for 6 lanes) Expressway on East Bay of Gwadar link Port at a cost link of Rs 17.369 billion link with foreign exchange link component of Rs 16.435 billion link to link Gwadar link Port with the Makran Coastal Highway as well as with Gwadar link Free Zone and future container terminals.

The project would also have one interchange and four bridges, four pedestrian overhead bridges along with cross-drainage structures and allied works.

ECNEC also accorded approval to Dasu Hydropower Project (Stage-1); Revision of Cost for Land Acquisition and Built-up Property at a total cost link of Rs 510.980 billion link, including Rs 36.914 billion link for land cost link, and directed the Planning, Development and Reform Division to issue authorisation of the revised cost link of land acquisition and built up property of Dasu Hydropower Project (Stage-1) as recommended by CDWP and subsequently by ECNEC.

The ECNEC also approved Lahore link Water link and Wastewater Management Project-Construction of Surface Water link Treatment Plant at BRDB Canal Lahore link at a cost link of Rs 21. 045 billion link with Rs foreign exchange link component of Rs 19.684 billion link to provide adequate quantity of safe drinking water link to the target areas of Shadipura, Baghbanpura, Fatehgarh and Mustafabad in Lahore link through a unified water link supply network.

The project would also help maximise the efficiency of the water link supply for creating self-sustaining water link zones and distribution management areas.

In similar decisions, the ECNEC also granted ex-post facto approval to the development of Phase-1 of Kartarpur Sahib Corridor on EPE/Turnkey mode as well as a proposal by the Planning Commission for simplification of development funds release process, including the release of project-wise funds (Rupee component) allocated in PSDP to the ongoing approved projects of Ministries/Divisions during the first week of each quarter as per criteria of the Finance Division (20% in 1st & 2nd Quarter and 30% in 3rd and 4th Quarter) without originating demand by the PAO.

Later in the day, Dr. Abdul Hafeez Shaikh, Adviser to the Prime Minister link on Finance and Revenue also chaired a meeting of the Economic Coordination Committee (ECC) of the Cabinet link and approved a proposal submitted by the Ministry of National food link Security and Research for release of 150,000 tonnes to the provincial governments of Khyber Pakhtunkhwa link as well as release of 100,000 tonnes to Sindh link subject to release of same link quantity of wheat link by the latter from link its own stocks link.

The ECC further approved a set of proposals submitted by the Ministry of Energy for the resolution link of issues pertaining to 1124 MW Kohala Hydropower Project, including the minimum ecological water link flow of 42 cumecs by maintaining the e-flow of 30 cumecs and releasing additional flow of 12 cumecs from link the spillway, construction of sewage treatment plants and water link bodies whose cost link would be included in the NEPRA link tariff.

The ECC also discussed the issue regarding the Cabinet link Committee on Energy's "Approval of the Settlement of the Settlement of Liquidated Damages" as referred to it by the Cabinet link and constituted a Committee comprising Economic Affairs Minister Hammad Azhar, Advisor to the Prime Minister link on Institutional Reforms and Austerity and Special Secretary Finance Omar Hamid Khan to examine the matter and firm submit its recommendations to ECC.

To another proposal by the Ministry of Energy, the ECC amended its decision of 28th August link 2019 link to allow proposed subsidy by the Sindh link Government link in favour of the destitute residents of Islamkot for reflection in the electricity link bills of 4514 consumers of the area while the Sindh link government link would make budgetary provision/allocation for the amount of the proposed subsidy on annual basis for the life of the proposed facility failing which the facility would be discontinued.

The ECC also approved a proposal of the Ministry of Energy to allow Central Power Purchasing Agency to approach NEPRA link for approval of extension of tariff as agreed between Pakistan link and Iran link on 15th March link 2019 link for supply of power to Makran Division from link the Power Generation & Transmission Management Company link (TAVANIR).

To another proposal by the Ministry of Energy for tariff rationalisation for power sector-quarterly and annual indexation/adjustments of distribution margin, the ECC approved a proposal to notify the NEPRA link approved adjustments for Q-3&4 of FY 2018-19 and annual adjustment/indexation after incorporating the target quarterly subsidy and additional charge to maintain uniform tariff.

The ECC further directed for the adjustment to be shown separately in the consumer bill and applicable for next 12 months effective from link October link 01, 2019 link. Similarly, the ECC in order to fully protect the lifeline and domestic consumer consuming upto 300 units, approved the additional charge of Rs0.30 per unit so that the impact of instant adjustments was not passed on to lifeline and domestic consumers upto 300 units and at the same link time the consolidated revenue requirement approved and determined by NEPRA link on 27-9-2019 was maintained.

The ECC also approved a technical supplementary grant of Rs 419.154 million link to pay court link fee and fee to foreign counsels in case of Dr Hilal Hussain At-Tuwairiqi and Al-Ittifaq Steel Products Company link Limited vs Islamic Republic of Pakistan link.