New Projects of PKR 228 Billion worth approved by CDWP
CDWP took four new projects with a total worth of PKR 147.8 billion. Two projects were cleared with a cumulative cost of PKR 137 billion on technical grounds.
Just yesterday, 13 new development projects were approved by the CDWP (Central Development Working Party) that are worth PKR 228 billion.
Dr. Jahanzeb Khan, Deputy Chairman Planning Commission, while presiding the CDWP meeting approved five new projects with a total estimated cost of PKR 195 billion and eight projects that are worth PKR 32 billion to the ECNEC (Executive Committee of the National Economic Council).
The financial rules have been revised recently and following them, the Central Development Working Party has been authorized to approve all the new projects costing up to PKR 10 billion while ECNEC accedes bigger projects that are higher in worth once they’re cleared by CDWP.
The fourth extension project of Tarbela Dam was completed earlier in 2019, which increased Tarbela Dam’s overall generation volume by 1410 MW while its previous volume was 3490 MW.
On Monday, the projects were cleared concerning area development and decentralization, energy, health, education, administration, agriculture, commerce and industries, and housing.
Four new projects have been taken by CDWP:
CDWP took four new projects with a total worth of PKR 147.8 billion. Two projects were cleared with a cumulative cost of PKR 137 billion on technical grounds, and they’ve alluded to ECNEC for a formal agreement. These projects include Wind Power Project Evacuation at Gharo and Jhimpir and Tarbela Dam’s Hydropower Project Extension that are worth PKR 13.5 billion and PKR 123 billion respectively.
Two other projects regarding the administrative sector were referred to ECNEC in the meeting, Pakistan Single Window and Punjab Cities Programme that has an estimated cost of PKR 10.650 billion and PKR 32.5 billion. Other than that, a Punjab Poverty Alleviation Project was recommended for clearance to ECNEC that is worth PKR 15.525 billion. The main objective of this project is to eradicate poverty in the region of Southern Punjab.
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