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Four projects worth Rs. 6.8 billion approved by CDWP

Islamabad: According to a recent report, The Central Development Working Party (CDWP) has approved four projects worth Rs. 6.8 billion and recommended one project worth Rs 43.32 billion to the Executive Committee of the National Economic Council (ECNEC) for further thought.

The approval was given at a meeting held on Monday with Deputy Chairman Planning Commission Mohammad Jehanzeb Khan in the chair.

Read More: Two projects worth Rs. 3.25 billion approved by CDWP

According to details, three of the approved projects were related to the IT sector while one belonged to the energy sector. The summit approved the 16MW Hydropower Project Naltar-III in Gilgit’ worth Rs. 6,199.493 million. The object of the project is to construct a 16MW hydropower project to transmit energy to Gilgit through the existing 66kV transmission line of Naltar-V.

Read More: Four social development projects approved by the CDWP

The meeting also accorded approval for three IT projects, including:

  • ‘Establishment of Jiddat Investment and Support Fund’ worth Rs. 84.2 million
  • ‘Development of Special Technology Zones’ at Rs. 165 million
  • ‘High Impact Skills Boot Camp’ at Rs. 420.011 million.

Meanwhile, the Ministry of Communications presented the Sialkot-Kharian Motorway project, worth Rs. 43,328.552 million, which was referred to ECNEC for further consideration.

For more information, visit our website Property News.

 

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