Business

ECNEC meeting chaired by Ishaq Dar approves six mega projects worth Rs. 178.1 biln

ISLAMABAD, Sep 03 (SABAH): The Executive Committee of the National Economic Council (ECNEC) met on Tuesday under chairmanship of Deputy Prime Minister and Foreign Minister Senator Mohammad Ishaq Dar in Islamabad.

The ECNEC approved six mega development projects with Rs 178.1 billion in the areas of health, agriculture, energy and transport. These projects include:

Establishment of Nawaz Sharif Institute of Cancer Treatment & Research, Lahore (worth Rs. 52772.520 million) (Source of financing: Annual Development Programme (ADP), Govt. of Punjab)

•       The PC-I envisaged provision of low cost quality and comprehensive Cancer treatment through a 915 bed Institute of Cancer and research located in Lahore. The Cancer treatment related healthcare services will be integrating various modalities such as Surgery, chemotherapy, radiation therapy and palliative care. Project also plans to accommodate patients having terminal illness in the hospital. The project will engage highly qualified personnel i.e. medical and engineering professionals, technologists and administrative workforce. The project is being constructed on Government owned land.

Sindh Livestock and Aquaculture Development Project (worth Rs. 38360 million) (Source of Financing: World Bank Assistance)

•       The project has two pillars and will support adoption of best management practices through institutional strengthening of livestock and fisheries sector, as well as promoting climate-smart production, value chain development, and inclusive access to markets for dairy, meat, animal products, and fisheries.

Construction of 84 MW Gorkin Matiltan HPP(Revised) (worth Rs. 35758 million) Source of financing: 20% through provincial ADP; and 80% through KP Hydel Development Fund)

Projects of Transport & Communications sector:

•       Construction and Widening of Road from Sibi-Talli 25 Km

•       Kohlu- Rakhni 91 Km Revised (worth Rs. 8401.227 million)

•       Upgradation of Jaglot-Sakradu Road (S-I) 64 Km (worth Rs. 33270.600 million)

•       Construction of Rathoua Haryam Bridge Across Reservoir Channel on Mirpur-Islamabad Road (worth Rs. 9239.534 million)