Hi everyone! I hope you are all doing well. Welcome back to another blog. This article will discuss the topic in detail “Government Allocates Rs. 22 Billion for CPEC”. As part of the ongoing efforts to revitalize and strengthen various initiatives within the China-Pakistan Economic Corridor (CPEC) framework, the federal government has recently proposed a substantial allocation of around Rs. 22 billion. The Public Sector Development Programme (PSDP) will receive funding for a range of diverse projects for the fiscal year 2023-24.
The government proposes Rs. 5 billion for improving the Chitral Booni-Mastuj-Shandur road. The government allocated the funds under the CPEC initiative, and recently released budget documents disclose this information.
Also, the development initiative received ECNEC approval on November 7, 2022. The Central Development Working Party (CDWP) approved the Nokundi-Mashkhel Road, which is part of CPEC, on June 6, 2020, and proposed an additional Rs. 2.5 billion for it.
The government has recently put forth a proposal to allocate a substantial amount of Rs. 5 billion for the development of the Zhob to Kuchlak Road, a crucial component of the China-Pakistan Economic Corridor (CPEC) Western Corridor. Although, this ambitious infrastructure project received the green light from the Executive Committee of the National Economic Council (ECNEC) on March 28, 2019.
An additional Rs. 400 million has been proposed under the Public Sector Development Program (PSDP) to facilitate the construction of the Havelian-Thakot section of the Karakoram Highway (KKH) Phase-II, which spans a distance of 118.057 kilometers and is an integral part of the CPEC. The ECNEC granted approval to this particular project on December 19, 2015.
The government has allocated a substantial amount of Rs. 2.5 billion for the purpose of acquiring land for the development of the Karachi-Lahore Motorway under the China-Pakistan Economic Corridor (CPEC). This proposal was successfully approved by the Executive Committee of the National Economic Council (ECNEC) on July 3, 2014.
Furthermore, as part of the CPEC project, the government has put forward a separate allocation of Rs. 50 million intended for land acquisition and resettlement for the CPEC- Islamabad-Raikot Section (Phase-I), Havelian-Thakot. This proposal received the approval of the ECNEC on March 7, 2018. It signifies a significant step towards progressing the infrastructure development in the region.
The government is currently considering a budget allocation of Rs. 2.580 billion for the purpose of constructing a dual carriageway. This particular road project aims to connect the M-2 at Neela Dullah with Khaur. And further, extend to the M-14 CPEC Western Corridor at Kharpa Pindi Gheb. The approval process for this budget is currently underway, with the relevant authorities reviewing the proposal.
In addition to the road construction, the government has also put forth a separate budget proposal of Rs. 250 million. These developments highlight the government’s commitment to infrastructural improvements and educational advancement within the CPEC framework.
In the recently announced PSDP for the fiscal year 2023-24, the government has put forward a budgetary allocation of Rs. 740 million to bolster the Core Network and extend the reach of PERN (Pakistan Education and Research Network) through the implementation of CPEC Optical Fiber (PERNIII) infrastructure. Additionally, this proposal received the approval of the CDWP (Central Development Working Party) on March 29, 2018.
Furthermore, the government has proposed additional funding of Rs. 113 million for the construction of offices for the Intelligence Bureau (IB) in strategic locations including Sost, Gilgit, Mansehra, Gwadar, and Khuzdar Turbat, all of which are intricately tied to the CPEC project. Additionally, the CDWP granted its approval for this project on April 11, 2017. This endeavor is estimated to cost a total of Rs. 473.556 million.
Although, these financial allocations signify the government’s commitment to enhancing connectivity, expanding network capabilities, and promoting infrastructural development in key areas, thereby fostering economic growth and facilitating effective communication channels in the region.
The government suggested allocating Rs. 250 million for the Centre of Excellence for the China-Pakistan Economic Corridor (CPEC), and the proposal was approved by the CDWP in April 2016. Also, in the PSDP 2023-24, the government has recommended the DDWP approved an allocation of Rs. 60 million for the China-Pakistan Economic Corridor Support Project (CPECSP) at the Ministry of Railways on October 13, 2020.
The government proposed and approved funds for the preliminary design and drawings of the mainline (ML1) upgradation and the establishment of a dry port near Havelian under the CPEC. Moreover, the allocated amount was Rs. 468.634 million, receiving ECNEC approval on April 12, 2017. In addition, the government proposed and received ECNEC approval for Rs. 200 million for the upgradation of Pakistan Railways’ existing Main Line-1 (ML-I) and the establishment of a dry port near Havelian in Phase-1 of the CPEC spanning from 2018 to 2022.
The government has put forth a proposal to allocate a substantial amount of Rs. 1.5 billion in order to facilitate the improvement and expansion of the vital Chitral Booni-Mastuj-Shandur road. Moreover, recognizing the importance of the China-Pakistan Economic Corridor-Industrial Cooperation Development Project (CPEC-ICDP), an additional allocation of the authorities proposed to establish a dedicated Project Management Unit (PMU) under the Public Sector Development Program (PSDP) for the fiscal year 2023-24, with an additional allocation of Rs. 44 million.
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