Federal Minister for Finance and Revenue Mr. Miftah Ismail chaired the meeting of the Executive Committee of the National Economic Council (ECNEC), on Wednesday.
Federal Minister for Planning, Development and Special Initiatives Mr. Ahsan Iqbal, Federal Minister for Commerce Syed Naveed Qamar, Planning & Development Minister of Baluchistan Mr. Noor Muhammad Dummar, Finance Minister Khyber Pakhtunkhwa Mr. Taimur Saleem Khan Jhagra, Federal Secretaries and other senior officers from Federal as well as provincial participated in the meeting.
ECNEC considered and approved project on Construction of Hyderabad –Sukkur Motorway on Built Operate Transfer (BOT) basis with revised cost of Rs. 308,194.00 Million, with GoP share of Rs. 10.3 billion ( Rs. 9,500 million as Capital VGF, Rs. 300 million as NHA establishment charges and Rs. 500 million as contingencies ).
The project to be executed by National Highway Authority (NHA) and envisages construction of 306 Km long, 06 –lane wide, divided fenced between Hyderabad and Sukkur. The approval of the project is subject to fulfilment of all codal formalities and approval of legislation from National Assembly.
ECNEC also considered and approved construction of Lahore-Sialkot Motorway (LSM) link Highway (04-Lane) connecting LSM to Narang Mandi and Kartarpur Narowal including Narowal Eastern Bypass at a revised rationalized cost of Rs. 17,379.949 million.
The revised project envisages rehabilitation, dualization and construction of 73- Kms long 04-lane dual carriageway, connecting Kartarpur with Lahore- Sialkot Motorway and Nankana. The project is to be completed in three years.
ECNEC also discussed and approved Punjab Urban Lane Systems Enhancement Project (PULSE) at a cost of Rs. 25,500 million with FEC of Rs. 1,378.756 million. The project is to be executed by Board of Revenue (BoR) through Punjab Land Records Authority (PLRA) and Provincial Disaster Management Authority (PDMA) to develop cadastral mapping including digital land records of urban, peri-urban and rural areas of entire Punjab. The project will be carried out through 100% loan by the World Bank in 60 months period.
ECNEC also approved project on construction of Northern section of ring road (Missing Link), from Warsak road to Nasir Bagh road with cost of Rs. 16,489.198 million and fully funded and executed by the Government of Khyber Pakhtunkhwa. The project envisages construction of 6 lane with total length of 8.7 kms to be completed in three years.