ISLAMABAD – Govt Released 18 Billion For CPEC Projects. The federal government has released funds of over Rs. 18 billion for various China Pakistan Economic Corridor projects under Public Sector Development Programme (PSDP) 2019-20.
According to details, the ministry of planning and development issued its latest data. It says that the federal government has allocated funds of 18 billion for 20 CPEC projects for the year 2019-20. Some of the projects are as follows.
Havelian-Thakot Motorway: 118.057 million
Dry-port near Havelian: 80 million
Up-gradation of Railway main line (ML-1): 1.8 billion
Up-gradation of Chitral-Booni-Mastuj-Shandur road: 1 billion
For Sukkur-Hyderabad motorway: 2.8 billion
On the other hand, the government also released Rs. 1.2 billion for land acquisition and resettlement for CPEC- Islamabad-Raikot section. Similarly, the government also released Rs. 320 million for 5 million gallon per day sea water desalination plant at Gwadar. Govt Released 18 Billion For CPEC Projects.
For construction of offices for Intelligence Bureau, the government released Rs. 111.2 million. Meanwhile, government has released 600 million for the up-gradation of NGMS (3G/4G) services and seamless coverage along KKH (in support of CPEC) in Gilgit Baltistan.
The government also released Rs. 9.455 million for establishment of CPEC Support Unit (CSU) for projects and activities in Gwadar Port Authority for which Rs. 18.19 have been allocated for current fiscal year. Likewise, for construction of Centre of Excellence for CPEC, Pakistan Institute of Development Economics (PIDE), the government has so far released Rs. 50 million out of Rs. 73.8 million while for CPEC support project at ministry of Railways, another Rs. 50 million have also been released.