CDWP approves three projects worth Rs 3.625 billion

BusinessCDWP approves three projects worth Rs 3.625 billion

ISLAMABAD, Pakistan: Central Development Working Party (CDWP) on Friday approved three projects worth Rs 3.625 billion, and referred two other worth Rs 72.50 billion to the Executive Committee of the National Economic Council (ECNEC).

The meeting chaired by Minister Planning, Development and Reform Prof Ahsan Iqbal also approved the concept clearance of the Pakistan Disaster Risk Management Project and position paper concerning the Governance section.

Three projects of the Physical Planning and Housing sector were approved of the Ministry of Interior. Block allocations of Rs 2.5 billion for each project have been made in the Public Sector Development Programme (PSDP) 2015-16.

Two projects of transport and communication sector, relating to connecting road for the New Islamabad International Airport, were referred to the ECNEC.

The first project `Road Network for New Islamabad International Airport (Main Link-1 And Periphery Road length 26 km) will be completed with a total cost of Rs 12.67 billion, and an amount of Rs 700 million has been already allocated in the PSDP 2015-16.

The second project `Land Acquisition Affected Properties Compensation and Relocation of Utilities for Construction of Approach Roads to New International Islamabad Airport (NIIA) Revised’ will be completed at a total cost of Rs 59.80 billion and Rs one billion have been allocated in the PSDP 2015-16. The sponsoring agency for these projects is the Communications Division.

Source: APP

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