Times of Islamabad

Pakistan government released huge finds for CPEC under the PSDP 2019 – 20

Pakistan government released huge finds for CPEC under the PSDP 2019 – 20

ISLAMABAD – The government has so far released development funds of over Rs12.13 billion for various development projects of China Pakistan EconomicCorridor (CPEC) under its Public Sector Development Programme (PSDP)2019-20.

According to latest data issued by the ministry of Planning on Thursday,the government had allocated Rs 18 billion for around 20 projects of CPECfor the year 2019-20.

For construction of KKH phase-II Havelian-Thakot (118.057 M) part of CPEC,the government released Rs 2 billion out of total allocation of Rs 2.238billion.

The government has also released Rs 1.8 billion for preliminary design forup-gradation of main line (ML-1) and establishment of dryport near Havelianunder the CPEC.

For improvement and widening of Chitral-Booni-Mastuj-Shandur road, thetotal allocated amount of Rs 1 billion has been released, whereas forSukkur-Hyderabad motorway, an amount of Rs 2.8 billion was released out oftotal allocated funds of Rs 6.5 billion.

The government also released Rs 1.2 billion for land acquisition andresettlement for CPEC- Islamabad-Raikot section (Phase-I), Havelian-Thakot(120.12 km), while Rs 1.89 billion were released for construction of Zhobto Kuchlak for which the government had allocated Rs 1.025 billion.

Similarly the government also released Rs 320 million for 5 million gallonper day sea water desalination plant at Gwadar out of total allocation ofRs 400 million and for strengthening of core network and expansion of PERNfootprints through CPEC optical fiber (PERNIII), an amount of Rs 300million has also been released.

For construction of offices for Intelligence Bureau alongwith CPEC, thegovernment released Rs 111.2 million out of total allocation of Rs 164million while for the project upgradation of NGMS (3G/4G) services andseamless coverage along KKH (in support of CPEC) in Gilgit Baltistan, anamount of Rs 600 million has been released.

The government also released Rs 9.455 million for establishment of CPECSupport Unit (CSU) for projects and activities in Gwadar Port Authority forwhich Rs 18.19 have been allocated for current fiscal year.

Likewise, for construction of Centre of Excellence for CPEC, PakistanInstitute of Development Economics (PIDE), the government has so farreleased Rs 50 million out of Rs 73.8 million while for CPEC supportproject at ministry of Railways, another Rs 50 million have also beenreleased.