Federal Minister for Finance and Revenue, Shaukat Tarin, virtually chaired the meeting of the Executive Committee of the National Economic Council (ECNEC) today at the Cabinet Division.
ECNEC approved the Gomal Zam Multipurpose Project (2nd Revised PC-I) at the total cost of Rs. 25,928 million. The Forum also granted the Ex-Post Facto approval of the expenditures and financial closure of the project by relaxing the direction/decision of the earlier meeting of ECNEC on 28-8-2013.
The project is located on the Gomal River in South Waziristan, Khyber Pakhtunkhwa. The main objective of the project is to harness floodwater and provide an assured irrigation water supply of 848 cusecs to irrigate 191,139 acres of land, including 28,053 acres of additional land, which falls under the Waran Canal System and to generate 17.4 MW of electricity.
WAPDA is responsible for the execution and implementation arrangement of the project.
The COVID-19 Response and Other Natural Calamities Control Program (Sindh Component) was approved at the total cost of Rs. 20,822.046 million without any foreign exchange component.
Department of Health, Government of Sindh, will be responsible for sponsoring and executing the program. The project will be completed on an equally shared financing basis by the Government of Sindh and the Federal government through PSDP.
It is expected to be completed by the end of the year 2023. The project envisages the strengthening of the provincial health system to effectively respond to pandemic-like situations at THQ and DHQ hospitals. ECNEC also decided that any escalation in the cost of the project will be borne by the provincial government.
ECNEC also approved the 30 MW Hydro Power Project Ghowari (2nd Revised) at the total cost of Rs. 16,399.760 million. The project is located on the left bank of Shayok River near Ghowari Village in District Ghnache in Gilgit Baltistan. The project is expected to be completed in 4 years.
The 20MW Hydro Power Project Hazel, Gilgit, was also approved by ECNEC at the revised PC-I cost of Rs.12,921.662 million. The project will be executed by Water and Power Department, Gilgit Baltistan.
The Rainee Canal Project (Phase-1: 110 KM), Revised PC-I was approved by ECNEC at the total cost of Rs. 20, 533.836 million. WAPDA is responsible for the execution of the project, which will irrigate 412,400 Acres in Phase-I, at a design discharge of 5,500 cusecs in districts of Kashmore, Ghotki, Sukkar, and Khairpur.
The Construction of Hoshab–Awaran–Khuzdar Section of M-8 Project; Section 2: Awaran-Naal, length: 168 Km was also approved by ECNEC at the rationalized cost of Rs. 32,244.82 million. National Highway Authority will be responsible for executing the project.
The scope of work includes the construction of bridges, box culverts, retaining walls/toe walls, shoulders, along with drainage and allied works. The project is expected to complete in 42 months.
The Khyber Pakhtunkhwa Provincial Roads Rehabilitation Project “Under PKHA Portfolio” was also approved by ECNEC at the Revised PC-I cost of Rs. 28,155.972 million.
The location of the project is Khyber Pakhtunkwa Province, South, Central, and Eastern Regions. The revised PC-I of the project envisages rehabilitation of 274 km of the existing provincial highway network of Khyber Pakhtunkwa as compared to the original scope of 214 Km. It is expected that the project will complete by 2023.
The Chair, while discussing the projects, directed Planning Commission to prioritize projects that are strategic or can be completed in a shorter period to save the exchequer from cost overruns and unnecessary delays in the completion of projects.
The Feasibility and Dualization of Mardan-Swabi Road, Revised, was also approved by ECNEC at the Revised PC-I cost of Rs. 13,024.42 million. Communication and Works Department through Pakhtunkwa Highways Authority, Government of Khyber Pakhtunkhwa will be the executing agency of the project. The project is expected to complete by 2022-2023.
Construction of Hyderabad-Sukkar (306 Km), 06–Lane Divided, fenced motorway on Built Operate Transfer (BOT) Basis, Revised, was also approved by ECNEC at the revised PC-I cost of Rs. 191,471.074 million. The project is to be implemented on a BOT–user-charge basis with the provision of capital and operational VGF to improve the financial viability of the project. The project is expected to be completed in 30 months.
ECNEC also considered the summary for procurement of 600 Flat Container Bogie Wagons and forwarded the proposal to Public-Private Partnership Board to develop a transaction structure on a PPP basis.