Sukkur-Multan section of KLM worth Rs 259.35 billion Executive Committee of National Economic Council chaired by the Finance Minister Ishaq Dar has approved 12 projects worth Rs 440 billion, including Rs 259.353 billion for the construction of Sukkur-Multan section of Karachi-Lahore Motorway (KLM). An official said that some additional projects, which were not on the agenda, were also taken up by the meeting. The ECNEC approved Rs 6.499 billion for the acquisition of land for establishment of free trade zone at Gwadar. The meeting was told that 2281 acres of land would be acquired for the establishment of a free trade zone at the Gwadar port; out of which 1627 acres of land would be acquired from private land owners. The Finance Minister directed that Planning Development and Reform Division should monitor physical progress as well as the results that these projects envisaged to achieve. Dar said that submission of the PC-4 must be a regular exercise. The meeting was informed that 10 percent cost of Karachi-Lahore Motorway (KLM) Project”s construction of Sukkur-Multan section (387 km) would be provided through Public Sector Development Programme (PSDP) and the rest of cost would come as credit financing through government of China. The project will be completed by 2017; its executing agency is NHA. The project envisages construction of a 387 km-long, six-lanes Sukkur-Multan section of 1148 km Karachi-Lahore Motorway, including the construction of bridges, interchanges, nullahs etc. The ECNEC also approved the project for land acquisition, affected properties” compensation and relocation of utilities for construction of 959km Karachi-Lahore Motorway (KLM) with a rationalised cost of Rs 51 billion. The ECNEC approved the raising of Balochistan Constabulary project at a rationalized cost of Rs 5.146 billion with an FEC (Foreign Exchange Component) of Rs 200 million to assist police and district administration in maintenance of law and order in Balochistan by recruiting 6,000 additional personnel and merging 4,000 reserve police men to make 10,000-strong force of Balochistan constabulary.
Posted on: Mon, 22 Sep 2014 17:46:45 +0000
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