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Seven projects worth Rs36bn approved by CDWP – Newspaper

ISLAMABAD: The Central Development Working Group (CDWP) approved on Wednesday a total of seven development projects with an estimated total cost of Rs36 billion.

Of these, two larger projects with an estimated cumulative cost of Rs25bn were referred to the Executive Committee of the National Economic Council (Ecnec) for approval. The remaining five smaller projects with an estimated total cost of Rs11bn were approved by the CDWP.

According to the recently revised financial rules, the CDWP has been empowered to approve projects that cost no more than Rs10bn while the highest estimated cost projects are approved by Ecnec once the CDWP deletes them for technical reasons. Before today's meeting, the CDWP was approving projects of up to Rs3bn.

The CDWP meeting was chaired by the Vice President of the Planning Commission, Dr. Mohammad Jehanzeb Khan, and was attended by senior officials from federal and provincial governments. The meeting presented projects related to energy, industries and commerce, physical planning and housing, transportation and communications and education.

Ecnec recommended to Ecnec a project related to physical planning and housing, namely, "Sewerage system from the Larech colony to Gulshan-e-Ravi Lahore" worth Rs.1,146 million.

Similarly, Ecnec was also recommended the "Operation of the Karachi green bus rapid transport system" for Rs10,956bn.

Two projects related to the energy sector were presented at the meeting. The CDWP approved the "500kV Moro Substation" financed by the Asian Development Bank worth Rs 7,147 million and a study to establish some nuclear energy projects worth Rs 1,042 million.

The objective of the Moro project is the conversion of the 500kV switching station in Moro, in Sindh province, to meet the growing energy requirement of the Sukkar Electric Power Company (Sepco) region, including the grid network of 132kV in Kandiaro and Naushahro Feroz.

At the meeting a project related to the "Expo Center Quetta" of Industries and Commerce was approved for Rs 2,500 million. The project involves the construction of two exhibition halls, each with a floor area of ​​45,000 square feet, along with a convention center and allied facilities that have a covered area of ​​approximately 200,000 square feet on 200 kanal of land in the phase one.

Posted in Dawn, September 26, 2019

Source: https://www.dawn.com/news/1507438/seven-projects-worth-rs36bn-approved-by-cdwp

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