Home »Top Stories » CPEC projects: 25 percent of total budgeted amount released under PSDP so far

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  • Jan 10th, 2018
  • Comments Off on CPEC projects: 25 percent of total budgeted amount released under PSDP so far
The government has so far released only 25 percent of the total budgeted amount for China-Pakistan Economic Corridor (CPEC) projects under the Public Sector Development Programme (PSDP) till January 09, 2018 according to the Ministry of Planning, Development and Reforms website.

Around Rs 46 billion for 42 CPEC projects was disbursed between July to-date out of the total budgeted allocation of Rs 187.3 billion.

According to the Ministry''s website the government released Rs 39.6 billion for nine development projects of Communication Division (National Highway Authority) out of the 18 budgeted projects against the total budgeted allocation of Rs 169.5 billion for current fiscal year.

The government released Rs 10.435 billion for Construction of Hakla on M-I to Yarik D I Khan Motorway (CPEC) against Rs 38 billion budgeted allocation, Rs 25 billion for Lahore-Abdul Hakeem Section (230km )(PKM) out of Rs 47 billion budgeted allocation, Rs 500 million for Construction of Burhan-Havelian Expressway (E-35) 59.1km against Rs 3 billion budgeted, Rs 800 million for Dualization of Yarik-Mughalkot-Zhob section of N-50 (210km) CPEC Western Alignment including Zhob Bypass and Land Acquisition out of the budgeted Rs 5 billion and Rs 492.065 billion has been released for land acquisition, affected properties compensation for construction of Burhan-Hakla to D I Khan Motorway against the budgeted Rs 1 billion. The government also released Rs 1.914 billion for Improvement and Widening of Jaglot-Skardu Road (S-I, 167km) (CPEC) against Rs 7 billion budgeted allocation, Rs 120 million for Basima-khuzdar (106km) N-30 CPEC, Rs 150 million for Thakot to Havelian 118Km (Construction) (Phase-I) (CPEC) and Rs 200 million for Multan-Sukkur Section (387km) Credit Financing (90:10) (PKM).

The government has not released funds for Gwadar-Turbat-Hoshab Section (200Km) of Gawadar-Ratodero Road (892Km) M-8 including Khuzdar-Shahdadkot-Ratodero (143km)-(Gwadar, Turbat, Khuzdar in Balochistan and Kamber, Shahdadkot & Larkana in Sindh, Improvement and Widening of Jaglot-Skardu Road (S-1, 167km) (CPEC), Rehabilitation of D I Khan Mughal Kot 50km Section N-50 (FERP Phase-II), Sukkur-Hyderabad Section (296km), Thakot to Havelian 118km (Land) (Phase-I) (CPEC), Widening & Improvement of N-85, Hoshab-Nag-Basima-Surab Road (459Km) (Khuzdar, Panjgur) and Gilgit-Shandoor-Chitral Chakdara (CPEC) etc.

The government has released Rs 5.7 billion for three out of eight development projects of Pakistan Railway under CPEC against Rs 8.06 billion budgeted allocation for financial year 2017-18. Also disbursed is an amount of Rs 123.92 million for Doubling/Improvement of Existing Track from Port Qasim to Bin Qasim Station (CPEC), Rs 5.5 billion for Preliminary Design/Drawings for Upgradation/Rehabilitation of Main line (ML-1) and establishment of Dry port near Havelian under CPEC and hiring of Design/Drawings Vetting Consultants and Rs 30 million for Feasibility Study for Upgradation and Extension of ML-III in connection with CPEC.

The government did not release funds for eight projects of Pakistan Railway including CPEC support projects at Ministry of Railway, Comprehensive Feasibility Study for Upgradation/Rehabilitation of Mainline 1 (ML-I) and New Dry Port at Havelian (Balder) Distt. Haripur as well as (i) PC-II for Feasibility Study to Connect Gwadar with Karachi; (ii) Feasibility Study from Gwadar to Besima and from Besima to Jacobabad via Khuzdar (CPEC), Feasibility study for Rail Link from Havelian to Pak China Border (682 K.M) (CPEC) and Rehabilitation/Up-gradation of ML-I including Acquisition of land for new Dryport at Buldhair, District Haripur (CPEC).

With respect to Water and Power Division (Power Sector), the government has released Rs 90.484 million for Construction of 132 KV(AIS) Grid Station at Deep Sea Port Gwadar and the associated 132-KV D/C transmission line.

About Port and Shipping sector, the government has released Rs 488.4 million for four projects out of six against Rs 5.41 billion budget allocation. A total of Rs 18.212 million have been released for establishment of CPEC Support Unit (CSU) for projects and activities in GPA, Rs 180 million for construction of Eastbay Expressway (CPEC), Rs 36 million for feasibility study for construction of Break Water (CPEC) and Rs 10 million for Pak-China Technical & Vocational Institute at Gwadar (CPEC).

Copyright Business Recorder, 2018


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