ProPropertyNewsECNEC Approves Development Projects for Flood Affected Areas

ECNEC Approves Development Projects for Flood Affected Areas

ISLAMABAD: The National Economic Council’s Executive Committee (ECNEC) has approved rehabilitation and restoration projects in flood-affected areas.

In this regard, a meeting was presided over by Finance Minister Ishaq Dar and members of 4 provinces.

According to the details, the rehabilitation projects will cost Rs 333.6 billion, of which Rs 233 billion are allocated for Sindh.

Following are the projects that have been approved during the meeting:

  • Rs 45 billion set aside for Sindh Water & Agriculture Transformation, spanning over 23 districts
  • Rs 49.3 billion allocated for the Sindh Flood Emergency Rehabilitation Project (restoration of irrigation infrastructure, Funded by World Bank)
  • Rs 66 billion for the restoration of infrastructures under SFERP
  • Rs 4 billion for the restoration of roads, water supplies, and rehabilitation of drainage systems in Sindh
  • Rs 3 billion for Sindh to strengthen the Social Protection Delivery System with international assistance of 42 billion rupees, and 6.3 billion will be contributed by the Sindh Government
  • For Highway N-5 from Moro to Ranipur and 32 bridges would be restored with a budget of 36.2 billion rupees
  • Rs 98 billion to improve workforce readiness, with Punjab’s share of 2.086 billion rupees and ADB’s share of PKR 21.896 billion
  • Rs 15 billion for reconstruction and rehabilitation of irrigation, drainage system, and flood protection work, with 13.2 billion rupees funded by the KP govt and the ADB
  • Rs 5 billion for a project with a foreign exchange component of Rs 11 billion to be contributed by the Balochistan government and the ADB
  • Rs 8 billion under the on-farm water management component involving a foreign exchange component of Rs 3.3 billion as share of the Balochistan government and the Asian Development Bank (ADB)
  • Rs 9.018 billion for Azad Jammu and Kashmir (AJK), for the construction of the 2-kilometer-long Athmaqam-Sharda-Kel-Taobat Road which includes 2 tunnels at Kahori/Kamser and Neelum Valley road’s Challpani section

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