Islamabad: The Executive Committee of the National Economic Council (ECNEC) on Wednesday (December 23) approved the construction of the Rawalpindi Ring project (RRR) at the cost of PKR 23.606 billion, according to news sources.
As per the details, the 38.3-kilometre six-lane main carriageway from Baanth (N-5) to Thalian (M-2) will be financed under the provincial annual development plan. The Rawalpindi Development Authority (RDA) will execute the project. The committee, during the meeting, ordered the authorities concerned to get the approval of the Planning Commission and include axle load management in the project.
Moreover, the meeting also approved the revised project of construction of Hyderabad-Sukkur Motorway (M-6) on a build-operate-transfer (BOT) basis, at the total cost of PKR 191.471 billion. According to the details, the 306-kilometre six-lane fenced motorway project will be implemented by the National Highway Authority (NHA).
Reportedly, the project will be included in the next federal budget and is expected to be completed in 30 months. It will be executed on the BOT user-charge basis with the federal government providing a slightly higher financial contribution through capital and operational viability gap fund.
Additionally, ECNEC give a nod to land acquisition for Leh Expressway & Flood Channel, at the total cost of PKR 24.961 billion. The committee mentioned that no expenditure can be incurred until the Environmental Impact Assessment (EIA) report is completed and approval is acquired from Public-Private Partnership (PPP) board. The project will be executed by the RDA and 750 kanals of land is required to provide the right of way for the construction of Leh Expressway.
The ECNEC also approved the revised Southern Punjab Poverty Alleviation Project at the cost of PKR 25.243 billion. The International Fund for Agriculture Development along with the Punjab government will fund the project.
Iqra holds BS in International Relations and is passionate about writing engaging content on trending real estate topics. When not working, she is either spending time with family, shopping, or discussing shows & movies.
