Govt releases PKR 38.64 bn for CPEC projects development

[Kabira]

Lahore: The federal government recently released a total of PKR 38.64 billion for the development of 31 projects under the auspices of the China-Pakistan Economic Corridor (CPEC) initiative; following the completion of the first half of the current fiscal year (FY2019-20) — a news source reported. As per the publication, the government had earlier set aside a fund of PKR 95.73 billion for CPEC this year; of which only a 38.4% figure has been released so far.

According to the report, the government has released the complete amount of funding for the following projects:

1. Construction of Motorway from Burhan-Hakla on M-1 to Dera Ismail Khan (PKR 11.5 billion)
2. Improvement and widening of Chitral-Booni-Mastuj-Shandur Road (PKR 1 billion)
3. Improvement, Upgradation and Widening of Jaglot-Skardu Road (PKR 3.5 billion)
4. Lahore-Multan Motorway (M-3 section) of Karachi-Lahore Motorway (PKR 4.5 billion)
5. Land Acquisition and Resettlement for China-Pak Economic Corridor (CPEC) Islamabad-Raiko Section (phase -I), Havelian-Thakot (PKR 1 billion)
6. Expansion and upgradation of NGMS (3G/4G) services and seamless coverage along Karakoram Highway (KKH) in Gilgit-Baltistan (PKR 600 million)
7. Preliminary design/drawing for upgradation/rehabilitation of Main Line (ML-I)
8. Establishment of Dry port near Havelian under CEPC and hiring of design/drawing vetting consultants

Partial funds have been released for the following projects:

1. PKR 80 million for the establishment of a Project Management Unit on China Pakistan Economic Corridor Industrial Cooperation Development Project
2. PKR 1.5 billion out of PKR 2 billion allocated for the construction of a 2 Lane Highway from Basima to Khuzdar
3. PKR 1.15 billion out of PKR 1.93 billion for the construction of the Burhan-Havelian Expressway (E-35)
4. PKR 1 billion out of PKR 2.4 billion for the construction of KKH Phase-II Havelian-Thakot (118.057 Kms)
5. PKR 500 million out of PKR 1 billion for the dualization and improvement of existing N-50 from Yark-Sagu-Zhob, including Zhob Bypass (210 kilometres)
6. PKR 2.801 billion out of PKR 3.5 billion for the Karachi-Lahore Motorway (land acquisition) Sukkur-Hyderabad
7. PKR 750 million out of PKR 1.5 billion for the land acquisition, affected properties compensation and relocation of utilities for construction of the Burhan/Hakla to DI Khan Motorway
8. PKR 1 billion out of PKR 1.9 billon for the Peshawar Karachi Motorway Project’s construction of Sukkur-Multan section
9. PKR 3 billion out of PKR 8 billion for the construction of the Zhob to Kuchlak Road
10. PKR 320 million out of PKR 400 million for development of 5 MGD RO sea water desalination plants at Gwadar
11. PKR 640 million out of PKR 1 billion for the development of necessary facilities of fresh water treatment, water supply and distribution in Gwadar
12. PKR 90 million out of PKR 2.4 billion for the construction of the Eastbay Expressway
13. PKR 13.578 million out of PKR 27.156 million for conducting a feasibility study for construction of breakwaters
14. PKR 22.674 million out of PKR 425.58 million for the development of a Pak-China Technical and Vocational Institute at Gwadar

And funds are yet to be released for the following projects:

1. Gwadar Smart Environmental and Sanitation System and Landfill
2. Construction of Cross Border CFC Network (Khunjrab-Gwadar-Karachi) along CPEC Routes (Phase-II)
3. Nokundi-Mashkhel Road
4. Mirpur-Mangla-Muzaffarabad-Mansehra Road
5. Up-gradation of Pakistan Railways existing Main Line (ML-1) and establishment of dry port near Havelian (2018-22) Phase-1
6. Peshawar Karachi Motorway Project construction of Sukkur-Multan Section (392 km)
7. New Gwadar International Airport (NGIA) Project

https://www.zameen.com/news/govt-released-pkr-38-64-bn-for-cpec-projects-development.html

 

[Spy Master]

Nothing for Rawalpindi/Islamabad traffic hell.

 

[S.Y.A]

Partial funds have been released for the following projects:

PKR 2.801 billion out of PKR 3.5 billion for the Karachi-Lahore Motorway (land acquisition) Sukkur-Hyderabad

PKR 1 billion out of PKR 1.9 billon for the Peshawar Karachi Motorway Project’s construction of Sukkur-Multan section

And funds are yet to be released for the following projects:

Peshawar Karachi Motorway Project construction of Sukkur-Multan Section (392 km)

^^^ Why the duplication? funds being released for the same thing, under different heads?

 

[Kabira]

^^^ Why the duplication? funds being released for the same thing, under different heads?

Motorway projects are divided in small section of 50km or less. Its likely about that.

 

[El Sidd]

Pathetic liars !!

Pathetic liars !!

Sabotage of CPeC continues by foreign funded PTI government

 

[Kabira]

Mirpur-Mangla-Muzaffarabad-Mansehra Road

This is important motorway, Pakistan need to show support to AJK people by building this mega project of $2 billion.

 

[ziaulislam]

This is important motorway, Pakistan need to show support to AJK people by building this mega project of $2 billion.

however, fudning should be mixed (BOOT)
with govt buying the land and using it as 25% equity while the rest is invested by investor who gets his money back via toll collection

 

[Kabira]

however, fudning should be mixed (BOOT)
with govt buying the land and using it as 25% equity while the rest is invested by investor who gets his money back via toll collection

Agreed, it will get enough traffic to justify BOT investment. AJK motorway will be connected with upcoming Lahore-Sialkot-Pindi motorway through Dina/Jhelum. People from Karachi to Lahore will use this motorway to reach northen areas tourist spots, bypassing Islamabad. It will also be shorter route for people living in northen areas to reach Lahore and Karachi.

Nothing for Rawalpindi/Islamabad traffic hell.

There are few projects like Pindi and Islamabad ring road but they are not part of CPEC.