CDWP approves one project and recommends three others for ECNEC approval
Islamabad: The Central Development Working Party (CDWP) approved four housing, energy, transport & communications, and energy projects totaling an estimated Rs138.66 billion. The projects included a cross-border road undertaking.
Dr Jehanzeb Khan, Deputy Chairman of the Planning Commission, presided over the CDWP meeting and independently approved one project with an estimated cost of Rs2 billion.
As per the existing financial regulations, the CDWP has the authority to grant its approval for projects with a maximum estimated cost of Rs 7.5 billion. Projects with higher cost estimates are subject to Ecnec’s approval, following technical certification and on the CDWP’s recommendations.
The congregating authorized the creation of the Litigants Facilitation Centre for Litigants of District Courts in Islamabad. As part of this undertaking, a facility will be constructed to accommodate litigants and solicitors.
Read more on EL News: CDA will Construct Pedestrian Bridges in Three Distinct Locations
The CDWP approved the Second Carriageway Torkham-Jalalabad Road Project in Afghanistan, which had a cost of Rs16.5 billion, on technical grounds. It suggested that the Ecnec grant formal approval to the initiative.
The National Highway Administration (NHA) would assume responsibility for the implementation of the project, whereas the Government of Afghanistan would cover the expenses associated with maintenance and operation. It is an initiative financed by the Government of Pakistan to aid the Afghan government in the rehabilitation and reconstruction of its road network.
The CDWP additionally suggested to the Ecnec the Khyber Pakhtunkhwa Rural Road Development Project, an additional transport sector initiative with an estimated cost of Rs105.45 billion.
The funding for the project is anticipated to be secured from the Asian Development Bank for $325 million (equivalent to Rs91.2 billion or 86.5 per cent), with the Khyber Pakhtunkhwa government providing the remaining Rs14.25 billion or 14.5 per cent.
The financing framework stipulates that Agence Francaise de Développement AFD of Germany will provide Rs12.72 billion, with the PSDP contributing the remaining Rs1.28 billion.
For more information and current news, keep following Estate Land Marketing.
