Govt releases PKR 38.64 bn for CPEC projects development.
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:
- Construction of Motorway from Burhan-Hakla on M-1 to Dera Ismail Khan (PKR 11.5 billion)
- Improvement and widening of Chitral-Booni-Mastuj-Shandur Road (PKR 1 billion)
- Improvement, Upgradation, and Widening of Jaglot-Skardu Road (PKR 3.5 billion)
- Lahore-Multan Motorway (M-3 section) of Karachi-Lahore Motorway (PKR 4.5 billion)
- Land Acquisition and Resettlement for China-Pak Economic Corridor (CPEC) Islamabad-Raiko Section (phase -I), Havelian-Thakot (PKR 1 billion)
- Expansion and up-gradation of NGMS (3G/4G) services and seamless coverage along Karakoram Highway (KKH) in Gilgit-Baltistan (PKR 600 million)
- Preliminary design/drawing for up-gradation/rehabilitation of Main Line (ML-I)
- Establishment of Dry port near Havelian under CEPC and hiring of design/drawing vetting consultants
Partial funds have been released for the following projects:
- PKR 80 million for the establishment of a Project Management Unit on China Pakistan Economic Corridor Industrial Cooperation Development Project
- PKR 1.5 billion out of PKR 2 billion allocated for the construction of a 2 Lane Highway from Basima to Khuzdar
- PKR 1.15 billion out of PKR 1.93 billion for the construction of the Burhan-Havelian Expressway (E-35)
- PKR 1 billion out of PKR 2.4 billion for the construction of KKH Phase-II Havelian-Thakot (118.057 Kms)
- 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 kilometers)
- PKR 2.801 billion out of PKR 3.5 billion for the Karachi-Lahore Motorway (land acquisition) Sukkur-Hyderabad
- 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
- PKR 1 billion out of PKR 1.9 billion for the Peshawar Karachi Motorway Project’s construction of the Sukkur-Multan section
- PKR 3 billion out of PKR 8 billion for the construction of the Zhob to Kuchlak Road
- PKR 320 million out of PKR 400 million for the development of 5 MGD RO seawater desalination plants at Gwadar
- PKR 640 million out of PKR 1 billion for the development of necessary facilities of freshwater treatment, water supply, and distribution in Gwadar
- PKR 90 million out of PKR 2.4 billion for the construction of the Eastbay Expressway
- PKR 13.578 million out of PKR 27.156 million for conducting a feasibility study for the construction of breakwaters
- 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:
- Gwadar Smart Environmental and Sanitation System and Landfill
- Construction of Cross Border CFC Network (Khunjrab-Gwadar-Karachi) along CPEC Routes (Phase-II)
- Nokundi-Mashkhel Road
- Mirpur-Mangla-Muzaffarabad-Mansehra Road
- Up-gradation of Pakistan Railways existing Main Line (ML-1) and establishment of the dry port near Havelian (2018-22) Phase-1
- Peshawar Karachi Motorway Project construction of Sukkur-Multan Section (392 km)
- New Gwadar International Airport (NGIA) Project