ISLAMABAD-Executive Committee of the National Economic Council (ECNEC) on Friday approved mega development projects.
Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar chaired the meeting of the Executive Committee of the National Economic Council (ECNEC).
ECNEC considered and approved a 500 KV Sialkot Substation project of the Ministry of Energy (Power Division) funded by the French Development Agency (AFD) at a total estimated cost of Rs. 31,820.66 million including FEC of Rs. 17,202.32 million subject to review of cost in next three months according to the exchange rate of dollar. The main object of the project is construction of 500 KV substation at Sialkot with associated transmission lines to meet the additional load demand and voltage profile improvement of areas which fall under jurisdiction of Gujranwala Electric Power supply Company (GEPCO).
ECNEC also considered and approved project of Power Division on addition & augmentation of 500 KV and 220 KV transformers at the existing grid stations for removal of NTDC system constraints at rationalized cost of Rs. 15,112.05 million including FEC of Rs. 8,926.30 million subject to review of cost in next three months according to the exchange rate of dollar. The project is funded by Asian Development Bank (ADB) and is addition of 2,250 MVA and 430 MVA capacity in the system at six existing 500 kV & 220 kV Grid stations in Rahim Yar Khan, Faisalabad, Multan, Sheikhupura, Dadu, Kashmore districts to meet the power demand of the country in minimum possible time period and to reduce system losses.
ECNEC also approved project on up-gradation of existing 220 kV Vehari substation to 500 kV Vehari Substation. The project cost is Rs. 17,106.12 million including FEC of Rs. 9,515.60 million subject to review of cost in next three months according to the exchange rate of dollar. The project is funded by French Development Agency (AFD) to be completed in 41 months.
ECNEC discussed and approved construction of Chasma Right Bank Canal Project at a cost of Rs. 189,606.428 million including FEC of Rs. 18,030.58 million with 65% finance contribution by the federal government and 35% by government of Khyber Pakhtunkhwa. The proposed canal is an off-taking from Head Race channel of chasma hydro power station at the right bank of Chasma barrage.
ECNEC approved Naulong Multipurpose Dam Project at a revised cost of Rs. 43,797.000 million. Naulong Dam project consisting of 186 ft high and 2,996 ft long zoned earth filled dam in district Jhal Magsi, Baluchistan on Mula river with the total catchment area of 7485 sq. Kms. The project will result in flood mitigation, socio-economic uplift and poverty reduction in the area.
ECNEC approved Higher Education Commission’s project Allama Muhammad Iqbal Scholarship for Afghan National Students at a rationalized cost of Rs. 12,702.340 million covering 4500 scholarships. The project aimed at creating a core of talented and qualified manpower in order to meet shortage of trained human resource and improve the socioeconomic conditions in Afghanistan. It is expected to help in strengthening relations with a brotherly neighbouring country.
ECNEC considered and approved a project of Ministry of Communication on Dualization & Rehabilitation of Karachi- Quetta- Chaman Road ( N-25 ) from Karachi- Kararo and Wadh- Khuzdar at a cost of Rs. 74,716.226 million to be completed in 36 months. The project envisages construction of additional carriageway and dualization/rehabilitation/improvement of existing carriage way from Karachi to Khuzdar.
ECNEC also considered and approved project of Ministry of Communication on Dualization of Karao- Wadh section (83 kms) & Kuchlak- Chaman section (104km) of National Highway at a cost of 67,671.920 million to be completed in 18 months. The project envisages dualization/rehabilitation/ improvement of existing carriageway National Highway N-25 Kararo to Wadh ( 83 kms) section and Kuchlak to Chaman ( 104 kms) section.
ECNEC discussed and approved a project of Ministry of Communication on Improvement & Widening of Chitral – Booni – Mastuj – Shandur Road ( 153 kms) at a rationalized cost of Rs. 17,783.193 million. The project will be completed in 36 months. The revised project envisages construction of 153 kms long 2 –lane single carriageway starting from Chitral city, passes through the towns of Booni & Mastuj and ends near Shandur at the border of Khyber Pakhtunkhwa and Gilgit Baltistan.
ECNEC also approved revised Lowari Road Tunnel & access Roads Project at the total rationalized cost of Rs. 27,960.48 million with FEC of Rs. 4,273.970 million. The Lowari tunnel is part of National Highway N-45. It originates from Nowshera, passes through Mardan, Malakand, Chakdara and culminates at Chitral. The project is located between the townships of Dir and Drosh connecting the districts of Dir and Chitral. The project comprises two tunnels of length 8.5 km and 1,9 km, 04 bridges in a tunnel complex two portals, and link access roads along with bridges.
ECNEC also approved the Locust Emergency and Food Security project of the Ministry of National Food Security and Research at an updated cost of Rs. 26,014.51 million including a government share of Rs. 4,000 million and a World Bank share of Rs. 22,014.51 million. The project will be implemented throughout Pakistan with an immediate focus on flood-affected areas. The objective of the project includes enhancing the country’s preparedness for combating future locust and other invasive pest attacks, enhancing the capacity of Federal and provincial plant protection departments, and strengthening the national food security information & management system.
ECNEC approved Govt of Punjab’s project on Punjab Resilient and Inclusive Agriculture Transformation (PRIAT) at a total cost of Rs, 74,757.60 million including a World Bank loan of Rs. 45,863.56 million. The project will be implemented throughout Punjab in five years for Community –driven Improvement of Water Conveyance and Application, Promotion of Climate Smart High-Value Production, Regenerative Agriculture, Crop Diversification, Agriculture Value addition, and Inclusive Access to Markets.
Ministry of Planning, Development and Special Initiatives presented a summary on Instructions for Techno-Economic Feasible Studies and submitted that a feasibility study is a pre-requisite for the preparation of a major development project proposal on sound lines. Instructions to carry out Techno-Economic Feasibility Studies have been improved in the light of comments of the stakeholders. The ECNEC approved the recommendations of CDWP that;
i. All provinces should have a Project Development Facility (PDF) Fund for provincial ADPs for conducting the feasibility of the projects.
ii. Feasibilities should be carried out for all major cities, focusing on ring roads, wastewater treatments, urban mass transit, etc. A stack of feasibility studies should be available to guide future investments.
iii. Improvements to the techno-economic feasibility framework/guidelines should be made in light of comments of all key stakeholders before placing it for ECNEC approval. iv. Instructions for conducting feasibility studies shall be made a part of the Development Manual.
Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal, Federal Minister for Commerce Syed Naveed Qamar, Finance Minister Khyber Pakhtunkhwa Taimur Saleem Khan Jhagra, Finance Minister Govt of Punjab Mohammad Mohsin Leghari, Senator Nisar Ahmed Khuhro, federal secretaries and other senior officers from Federal, as well as provincial, participated in the meeting.