ECNEC Approves Rs.194.6 Billion Project
In a recent meeting held by the Executive Committee of the National Economic Council (ECNEC) on Tuesday, the Federal Minister for Finance and Revenue, Senator Mohammad Ishaq Dar, chaired the proceedings. The key agenda of the meeting was to discuss and approve a significant project aimed at flood protection. This article will delve into the details of the project, its objectives, and the overall impact it will have on the country.
The ECNEC meeting primarily focused on the approval of a project initiated by the Ministry of Water Resources. This project, known as the “Umbrella PC-I of the Flood Protection Sector Project-III (FPSP-II),” has been allocated a budget of Rs. 194,625.00 million, which includes the Foreign Exchange Component (FEC) of Rs. 10,862.94 million. The project aims to combat the recurring issue of floods across all four provinces of Pakistan, as well as Gilgit-Baltistan (GB) and Azad Jammu and Kashmir (AJK).
Umbrella PC-I of the Flood Protection Sector Project-III (FPSP-II)
The main objective of this project is to enhance comprehensive flood management approaches throughout the country. It seeks to achieve this by implementing both structural and non-structural interventions that are integrated and innovative in nature. By adopting a multi-faceted approach, the project aims to minimize the devastating impact of floods and safeguard the lives and properties of the people.
Makhi Farash Link Canal Project (Chotiari Phase-II)
Another project approved by the ECNEC is the “Makhi Farash Link Canal Project (Chotiari Phase-II)” initiated by the Irrigation Department of the Government of Sindh. The project’s revised cost stands at Rs. 12,087.489 million. Its primary purpose is to provide water supply to the Thar Coal region in Sanghar and Umerkot districts, enabling electricity generation and promoting agro-industrial growth.
Kachhi Canal Project Restoration of Flood Damages 2022
The ECNEC also approved the “Kachhi Canal Project Restoration of Flood Damages 2022.” This project, costing Rs. 8,280.647 million, will be executed in the districts of Dera Ghazi Khan, Muzaffargarh, and Rajanpur in Punjab. Its key focus is to address the issues of water scarcity and protect the infrastructure from the destructive impact of floods.
New Balakot City Development Project
The Government of Khyber Pakhtunkhwa presented the “New Balakot City Development Project” for consideration by the ECNEC. However, the committee directed the concerned stakeholders, including the KP Government, Ministry of Planning and Development, and ERRA, to review and resolve any technical and financial discrepancies within the project.
National Multi-sectoral Nutrition Program to Reduce Stunting and other forms of Malnutrition
To combat the issue of malnutrition-induced stunting in Pakistani children, the ECNEC approved the “National Multi-sectoral Nutrition Program.” This program will be implemented in 36 high-burden districts across the country. The project will be financed by the Federal Government and through foreign aid under the IsDB Country Engagement Framework for Pakistan 2023-25.
Extension/Construction of 36km Sindh Coastal Highway
The ECNEC granted approval for the “Extension/Construction of 36km Sindh Coastal Highway” with a budget of Rs. 16,204.303 million. The Government of Sindh will be responsible for executing this project. The funding will be sourced from the Federal Public Sector Development Program (PSDP).
Construction of Lahore Sialkot Motorway (LSM) link Highway (04-Lane) Connecting LSM to Narang Mandi and Narowal (73-Kilometer Approximately)
The Ministry of Communications presented the project “Construction of Lahore Sialkot Motorway (LSM) link Highway.” This project, amounting to Rs. 36,814.347 million, will be carried out in Narowal and Sheikhupura districts of Punjab. The Federal and Provincial Governments will share the project cost on a 50:50 basis. The National Highway Authority (NHA) will oversee the execution of this project.
Improvement of Road from Sanghar to National Highway (N-5), at Point Rohri via Mundh Jamrao and Salehput (221-kilometer)
The ECNEC approved the “Improvement of Road from Sanghar to National Highway (N-5), at Point Rohri via Mundh Jamrao and Salehput” project. This project, with a revised cost of Rs. 12,521.799 million, aims to enhance road connectivity in District Sanghar. The Federal Government and Government of Sindh will share the project cost on a 50:50 basis.
The ECNEC meeting concluded with the approval of multiple projects focused on flood protection, infrastructure development, and tackling nutrition-related challenges. These projects will play a crucial role in the overall socio-economic development of Pakistan. By allocating significant funds and resources to these initiatives, the government demonstrates its commitment to addressing the pressing needs of the country.