ECNEC approves Rs224bn development projects
ECNEC also approved wind power projects at Jhimpir and Gharo
ISLAMABAD (Dunya News) - Executive committee of the National Economic Council (ECNEC) on Monday approved seven projects including, the Southern Punjab Poverty Alleviation Project.
The ECNEC during its meeting, chaired by Adviser to the Prime Minister on Revenue and Finance Dr. Abdul Hafeez Shaikh approved seven projects put forth by Ministry of Planning including the Southern Punjab Poverty Alleviation Project (SPPAP).The project, assisted by Rs 7.5 billion of international funding will cost Rs15.52 billion and will be completed by 2023.
ECNEC also gave approval to Higher Education Development in Pakistan (HEDP) project at the total cost of Rs12.08 billion with foreign funding of Rs 7.72 billion to be provided by World Bank IDA Financing.
The council also approved PakSat-MMI project at the total cost of Rs39.7 billion. In this project PakSat-IR ground control equipment will be imported.
The Council also approved the Terbela 4th Extension Hydropower project at the total cost of Rs122.9 billion. The objective of the project is the expansion of the present capacity of Terbela Dam Hydro Power Project from 3478 MW to 4888 MW (addition of 1410 MW) by installation of three units of 470 MW on the existing irrigation tunnel 4.
ECNEC also approved wind power projects at Jhimpir and Gharo at the total cost of Rs13.4 billion.
