Executive Committee of the National Economic Council, which met in Islamabad on Friday with Minister for Finance Ishaq Dar in the chair, approved various infrastructure projects of national significance.
The forum approved a 500-KV Sialkot Substation project of Ministry of Energy (Power Division) funded by French Development agency at a total estimated cost of Rs 31,820.66 million of cost in next three months according to the exchange rate of dollar.
ECNEC also 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 in next three months according to the exchange rate of dollar. The project is funded by Asian Development Bank 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.
The 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 to be completed in three years.
It also 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 forum 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.
The ECNEC 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 three years.
