Federal govt releases Rs 12.13bn for CPEC tasks below PSDP 2019-20

The federal government has to date launched improvement funds of over Rs 12.13 billion for numerous improvement tasks of China Pakistan Financial Hall (CPEC) below its Public Sector Growth Programme (PSDP) 2019-20.

In keeping with newest knowledge issued by the ministry of Planning on Thursday, the federal government had allotted Rs 18 billion for round 20 tasks of CPEC for the yr 2019-20.

For building of KKH phase-II Havelian-Thakot (118.057 M) a part of CPEC, the federal government launched Rs 2 billion out of complete allocation of Rs 2.238 billion.

The federal government has additionally launched Rs 1.eight billion for preliminary design for up-gradation of primary line (ML-1) and institution of dryport close to Havelian below the CPEC.

For enchancment and widening of Chitral-Booni-Mastuj-Shandur street, the full allotted quantity of Rs 1 billion has been launched, whereas for Sukkur-Hyderabad motorway, an quantity of Rs 2.eight billion was launched out of complete allotted funds of Rs 6.5 billion.

The federal government additionally launched Rs 1.2 billion for land acquisition and resettlement for CPEC- Islamabad-Raikot part (Part-I), Havelian-Thakot (120.12 km), whereas Rs 1.89 billion have been launched for building of Zhob to Kuchlak for which the federal government had allotted Rs 1.025 billion.

Equally the federal government additionally launched Rs 320 million for five million gallon per day sea water desalination plant at Gwadar out of complete allocation of Rs 400 million and for strengthening of core community and growth of PERN footprints by means of CPEC optical fiber (PERNIII), an quantity of Rs 300 million has additionally been launched.

For building of workplaces for Intelligence Bureau alongwith CPEC, the federal government launched Rs 111.2 million out of complete allocation of Rs 164 million whereas for the mission upgradation of NGMS (3G/4G) companies and seamless protection alongside KKH (in assist of CPEC) in Gilgit Baltistan, an quantity of Rs 600 million has been launched.

The federal government additionally launched Rs 9.455 million for institution of CPEC Assist Unit (CSU) for tasks and actions in Gwadar Port Authority for which Rs 18.19 have been allotted for present fiscal yr.

Likewise, for building of Centre of Excellence for CPEC, Pakistan Institute of Growth Economics (PIDE), the federal government has to date launched Rs 50 million out of Rs 73.eight million whereas for CPEC assist mission at ministry of Railways, one other Rs 50 million have additionally been launched.