The Revised PC-1 of Nai Gaj Dam shows that the project will now cost Rs41.791 billion. In 2009 the project cost had been estimated at Rs16.924 billion which further escalated to Rs26.236 billion in 2012. Now in 2019 the project cost has been determined to be Rs41.791 billion. Nai Gaj Dam is a 194 ft dam, which would store 0.16 MAF of flood/rainwater and generate 4.2 MGW of electricity.
Federal government is mainly financing the project with sharing 96 percent of its cost. Sindh government will contribute four percent in this project on account of land acquisition, resettlement, security and other related technicalities. The Project is awaiting approval from ECNEC. The June 30, 2021 is the anticipated date of this project’s completion. Originally, the foreign funding of Rs414 million was also counted for the project but the revised PC-1 showed that the foreign institution withdrew that allocation.
Ministry of Water Resources has approved the changes in design and has proposed constituting a committee to enquire cost overrun of the project as well as the matter of submission of fake bank guarantee by the contractor.
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