Pakistan approves historic Bhasha Dam project worth Rs 474 billion
ISLAMABAD - Prime Minister Shahid Khaqan Abbasi chaired a meeting of the Executive Committee of the National Economic Council in Islamabad on Tuesday.
The meeting approved Diamer-Bhasha Dam Project at a total rationalized cost of 474,000 million rupees. The dam will have a 6.4 MAF live storage capacity and installed power capacity of 4,500 MW. After completion, the project will increase national water storage capacity of the country from 38 days to 45 days and will enhance life span on downstream reservoirs, including Tarbela Dam.
Revision of Gawadar Lasbela Livelihoods Support Project was approved at a total rationalized cost of 2,998.10 million rupees. The project aims at poverty reduction in two districts of Balochistan naming Gawadar and Lasbella. This project comprises of major initiatives including community development, fisheries development and rural infrastructure improvement.
Evacuation of Power from 1320 MW RLNG Power Plant near Trimmu, Jhang was approved at a total rationalized cost of 4,231.83 million rupees.
Revision of the federal program under 'Access to Justice Program' was accorded approval at a total rationalized cost of 4,711.981 million rupees. The ongoing project aims at implementing legislative, judicial, police and administrative reforms with construction of required physical infrastructure including office buildings.
ECNEC also approved replacement of old and obsolete Signal Gear from Lodhran-Multan-Khanewal-Shahdara Bagh Main Line Section of Pakistan Railways at a total rationalized cost of 18,346.60 million rupees.