The Executive Committee of National Economic Council (Ecnec) has approved infrastructure projects worth around Rs 28 billion.
The meeting presided over by Finance Minister Ishaq Dar after detailed deliberations gave, in principle, approval to the Financial Inclusion and Infrastructure Project with the International Development Association (IDA) funding of $ 137 million (Rs 14.318 billion approx).
The ECNEC also approved the project for Lahore-Sialkot Motorway Link (4-lane) via Narang Mandi to Narowal at a cost of Rs 14.189 billion, with the instructions that the implementation must be ensured in the given time period.
The project aims at construction and dualisation of 73.35-km new and existing road to provide connection of Lahore-Sialkot motorway with Narang Mandi, Baddomalhi and Narowal.
After thorough discussions, the ECNEC approved the project for the construction of Expressway on East Bay of Gwadar Port. The project will be financed through an interest-free loan from the government of China under the China-Pakistan Economic Corridor (CPEC).
The project envisages construction of 18.981-km 4-lane divided expressway with embankment for 6-lanes structures, integrating Gwadar port with Makran Coastal Highway as well as with its free zone and future container terminals.
