ECNEC approves the Islamabad Airport modernization outsourcing proposal

ECNEC approves the Islamabad Airport modernization outsourcing proposal

The Executive Committee of the National Economic Council (ECNEC) approved the outsourcing of the Islamabad International Airport (IIA) and other significant initiatives under the Public-Private Partnership (PPP) model, according to August 5 news reports.

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The primary objective of delegating the IIA, as proposed by the Planning Commission, is to modernize the airport’s infrastructure, improve service quality, and align with global standards by engaging the private sector and incorporating international expertise.

Senator Mohammad Ishaq Dar, Federal Minister for Finance and Revenue, recently presided over a meeting at which the proposed projects (including IIA) estimated to cost a total of PKR 110,2 billion were reviewed and approved.

Details of additional ECNEC-approved undertakings are as follows:

  • The council approved the Punjab Government-led ‘Developing Resilient Environment and Advancing Municipal Services (DREAMS-I)’ project. It seeks to improve climate resilience and living conditions for approximately 2.9 million residents of Rawalpindi and Bahawalpur with a budget of 64,480 billion PKR.
  • The ECNEC reviewed and approved the Prime Minister’s National Program for Solarization of Agriculture Tube Wells in four provinces and authorized the expansion of the project’s scope to include rural areas of Islamabad Capital Territory.
  • The revised proposal for the ‘Karachi Neighborhood Improvement Project (KNIP)’ by the Sindh government has also been approved by ECNEC. Budgeted at PKR 18.8 billion, it concentrates on improving infrastructure in key Karachi districts, particularly Karachi South, Korangi, and Malir.
  • The Gilgit-Baltistan government’s ‘Rural Development and Climate Resilience Project’, with an updated cost estimate of PKR 16.2 billion and PKR 11.0 billion in foreign funding, was also approved. The objective of the initiative is to improve living conditions in the face of climate change and natural disasters.
  • The budget for the ‘Feasibility/cost estimate for the Dualization of the 65-kilometer-long Sialkot-Eminabad Road up to Kamoki, including a link to the Motorway’ was subsequently increased to PKR 10.8 billion. The Federal and Punjab administrations will share the cost of the project, and the National Highway Authority (NHA) will oversee the development work.
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