{"id":60332,"date":"2020-01-23T11:03:04","date_gmt":"2020-01-23T06:03:04","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=60332"},"modified":"2020-07-16T18:43:10","modified_gmt":"2020-07-16T13:43:10","slug":"govt-released-pkr-38-64-bn-for-cpec-projects-development","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/govt-released-pkr-38-64-bn-for-cpec-projects-development.html","title":{"rendered":"Govt releases PKR 38.64 bn for CPEC projects development"},"content":{"rendered":"\n

Lahore: The federal government recently released a total of PKR 38.64 billion for the development of 31 projects under the auspices of the China-Pakistan Economic Corridor (CPEC) initiative; following the completion of the first half of the current fiscal year (FY2019-20) \u2014 a news source reported. As per the publication, the government had earlier set aside a fund of PKR 95.73 billion for CPEC this year; of which only a 38.4% figure has been released so far.<\/p>\n\n\n\n

According to the report, the government has released the\ncomplete amount of funding for the following projects:<\/p>\n\n\n\n

  1. Construction of Motorway from Burhan-Hakla on M-1 to Dera Ismail Khan (PKR 11.5 billion)<\/li>
  2. Improvement and widening of Chitral-Booni-Mastuj-Shandur Road (PKR 1 billion)<\/li>
  3. Improvement, Upgradation and Widening of Jaglot-Skardu Road (PKR 3.5 billion)<\/li>
  4. Lahore-Multan Motorway (M-3 section) of Karachi-Lahore Motorway (PKR 4.5 billion)<\/li>
  5. Land Acquisition and Resettlement for China-Pak Economic Corridor (CPEC) Islamabad-Raiko Section (phase -I), Havelian-Thakot (PKR 1 billion)<\/li>
  6. Expansion and upgradation of NGMS (3G\/4G) services and seamless coverage along Karakoram Highway (KKH) in Gilgit-Baltistan (PKR 600 million)<\/li>
  7. Preliminary design\/drawing for upgradation\/rehabilitation of Main Line (ML-I)<\/li>
  8. Establishment of Dry port near Havelian under CEPC and hiring of design\/drawing vetting consultants<\/li><\/ol>\n\n\n\n

    Partial funds have been released for the following projects:<\/p>\n\n\n\n

    1. PKR 80 million for the establishment of a Project Management Unit on China Pakistan Economic Corridor Industrial Cooperation Development Project<\/li>
    2. PKR 1.5 billion out of PKR 2 billion allocated for the construction of a 2 Lane Highway from Basima to Khuzdar<\/li>
    3. PKR 1.15 billion out of PKR 1.93 billion for the construction of the Burhan-Havelian Expressway (E-35)<\/li>
    4. PKR 1 billion out of PKR 2.4 billion for the construction of KKH Phase-II Havelian-Thakot (118.057 Kms)<\/li>
    5. PKR 500 million out of PKR 1 billion for the dualization and improvement of existing N-50 from Yark-Sagu-Zhob, including Zhob Bypass (210 kilometres)<\/li>
    6. PKR 2.801 billion out of PKR 3.5 billion for the Karachi-Lahore Motorway (land acquisition) Sukkur-Hyderabad<\/li>
    7. PKR 750 million out of PKR 1.5 billion for the land acquisition, affected properties compensation and relocation of utilities for construction of the Burhan\/Hakla to DI Khan Motorway<\/li>
    8. PKR 1 billion out of PKR 1.9 billon for the Peshawar Karachi Motorway Project\u2019s construction of Sukkur-Multan section<\/li>
    9. PKR 3 billion out of PKR 8 billion for the construction of the Zhob to Kuchlak Road<\/li>
    10. PKR 320 million out of PKR 400 million for development of 5 MGD RO sea water desalination plants at Gwadar<\/li>
    11. PKR 640 million out of PKR 1 billion for the development of necessary facilities of fresh water treatment, water supply and distribution in Gwadar<\/li>
    12. PKR 90 million out of PKR 2.4 billion for the construction of the Eastbay Expressway<\/li>
    13. PKR 13.578 million out of PKR 27.156 million for conducting a feasibility study for construction of breakwaters<\/li>
    14. PKR 22.674 million out of PKR 425.58 million for the development of a Pak-China Technical and Vocational Institute at Gwadar<\/li><\/ol>\n\n\n\n

      And funds are yet to be released for the following projects:<\/p>\n\n\n\n

      1. Gwadar Smart Environmental and Sanitation System and Landfill <\/li>
      2. Construction of Cross Border CFC Network (Khunjrab-Gwadar-Karachi) along CPEC Routes (Phase-II)<\/li>
      3. Nokundi-Mashkhel Road <\/li>
      4. Mirpur-Mangla-Muzaffarabad-Mansehra Road<\/li>
      5. Up-gradation of Pakistan Railways existing Main Line (ML-1) and establishment of dry port near Havelian (2018-22) Phase-1<\/li>
      6. Peshawar Karachi Motorway Project construction of Sukkur-Multan Section (392 km) <\/li>
      7. New Gwadar International Airport (NGIA) Project <\/li><\/ol>\n","protected":false},"excerpt":{"rendered":"

        Lahore: The federal government recently released a total of PKR 38.64 billion for the development of 31 projects under the auspices of the China-Pakistan Economic Corridor (CPEC) initiative; following the completion of the first half of the current fiscal year (FY2019-20) \u2014 a news source reported. As per the publication, the government had earlier set aside a fund of PKR 95.73 billion for CPEC this year; of which only a 38.4% figure has been released so far. According to the report, the government has released the complete amount of funding for the following projects: Construction of Motorway from Burhan-Hakla on M-1 to Dera Ismail Khan (PKR 11.5 billion) Improvement and widening of Chitral-Booni-Mastuj-Shandur Road (PKR 1 billion) Improvement, Upgradation and Widening of Jaglot-Skardu Road (PKR 3.5 billion) Lahore-Multan Motorway (M-3 section) of Karachi-Lahore Motorway (PKR 4.5 billion) Land Acquisition and Resettlement for China-Pak Economic Corridor (CPEC) Islamabad-Raiko Section (phase -I), Havelian-Thakot (PKR 1 billion) Expansion and upgradation of NGMS (3G\/4G) services and seamless coverage along Karakoram Highway (KKH) in Gilgit-Baltistan (PKR 600 million) Preliminary design\/drawing for upgradation\/rehabilitation of Main Line (ML-I) Establishment of Dry port near Havelian under CEPC and hiring of design\/drawing vetting consultants Partial funds have been released…<\/p>\n","protected":false},"author":57,"featured_media":60334,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[20385],"tags":[15506],"persona":[],"class_list":{"0":"post-60332","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-development-projects","8":"tag-govt-released-pkr-38-64-bn-for-cpec-projects-development","9":"cat-20385-id"},"acf":[],"yoast_head":"\nGovt releases PKR 38.64 bn for CPEC projects development - 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