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Sunday, November 24, 2024

Home Business Govt allocates Rs118 billion for CPEC-road projects

Govt allocates Rs118 billion for CPEC-road projects

by News desk
June 12, 2022
in Business

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Federal govt unveiled a Rs727b development program, with Rs118 billion set aside for new and ongoing connectivity projects under China-Pakistan Economic Corridor, Central Asia Regional Economic Cooperation Program and Khyber Pass Economic Corridor.

According to Gwadar Pro, bulks of funds have been earmarked for road projects along the western alignment of CPEC.

The majority of these projects are underway in Balochistan to connect northern and eastern parts of the country with the Gwadar port. Also, over Rs 6b has been allocated for different projects to connect Gilgit with Chitral to provide an all-weather CPEC corridor in northern parts of country.