An Executive Committee of the National Economic Council (ECNEC) meeting chaired by Adviser to the Prime Minister on Finance Dr Abdul Hafeez Shaikh has approved over Rs95 billion projects for water, irrigation, transport, and other sectors. The meeting considered and approved the “Toiwar/Batozai Storage Dam Project District Killa Saifullah, Balochistan” at the 2nd revised cost of Rs4,905.667 million. The project would be executed by the Irrigation Department, Government of Balochistan. It would provide storage of 95,000-acre feet of water to 16,750 acres of land preventing from flood damages and improvement of socio-economic conditions. Next, The Naulong Dam Project- Updated 2nd Revised PC-I at a total cost of Rs28,465 million, was given approval in principle to enable the Economic Affairs Division (EAD) to start negotiation with the Asian Development Bank (ADB) to finalise details of project financing. The productive meeting held under ECNEC has also approved operationalisation of Green Line BRTS and installation of integrated Intelligent Transport System Equipment-updated Modified PC-I at the total cost of Rs10,956.16 million with Rs53,16.68 million as Foreign Exchange Component (FEC). While considering the National Electronic Complex of Pakistan, Phase 1 in H-9/1, Islamabad, at a revised total cost of Rs16,081.617 million, it has been told that out of total budgeted cost, Rs13,371.729 million has been provided by China as loan and grant. A few other projects like National Program for enhancing the command area in barani areas of Pakistan with a total cost of Rs25,345.672 million and Dualization and Improvement of Mandra-Chakwal Road Project (2nd Revised) at districts Rawalpindi and Chakwal at total cost of Rs11,892.639 million has also been approved.
