CDWP approved 6 mega projects

Central Development Working Party (CDWP) has approved six development projects at the cost of Rs61.24 billion. The three development projects of total costs around Rs0.6 billion and recommended three projects valued at Rs60.64 billion. The files have been passed to the Executive Committee of the National Economic Council (ECNEC) for further consideration. In meeting with the Deputy Chairman Planning Commission Mohammad Jehanzeb Khan in the chair at P-Block Secretariat, projects related to industries and commerce and transport and communications sectors were presented. However, three projects, related to industries and commerce, were approved by the CDWP. The very first project is entitled as Establishment of Joint Border Market at Gabd District Gwadar, Balochistan with a capital cost of Rs226.585 million. The second project is related to industries and commerce named as Establishment of Joint Border Market at Mand District Keh, Balochistan that worth’s around Rs183.905 million. The third project is about the Establishment of Joint Border Market at Ghedhi District Panjgur, Balochistan that worths Rs184.501 million. These projects aim at the construction of border market at Pak-Iran border. Since, an MoU has been signed between Pakistan and Iran governments to establish six border substances market places along Pak-Iran borders, where three market places will be established in the first phase. The sole purpose of this project is to promote trade activities between local people. Some mega multi-sector projects has been presented named: Construction of Rawalpindi Ring Road-R3 (38.3km) Main Carriageway (MCW) from Baanth (N-5) to Thalian (M-2) worth Rs23. 61 billion, Land Acquisition for Lai Expressway and Flood Channel, Rawalpindi (GS No6529) has worth Rs24.96 billion and Feasibility study and construction of 10th Avenue from IJP Road to Srinagar Highway Islamabad has worth Rs12.08 billion. These projects are committed to provide a link to the railway dry port, the industrial area of Islamabad, and to the new Islamabad International airport through the Srinagar Highway.