Home Business Govt to spend Rs118 billion on connectivity tasks

Govt to spend Rs118 billion on connectivity tasks



ISLAMABAD:

Pakistan authorities on Friday unveiled a Rs727 billion growth programme, with Rs118 billion put aside for brand spanking new and ongoing connectivity tasks beneath the China-Pakistan Financial Hall (CPEC), Central Asia Regional Financial Cooperation (Carec) programme and Khyber Move Financial Hall (KPEC).

Bulk of the funds has been earmarked for street tasks alongside the western alignment of CPEC. The vast majority of these tasks are underway in Balochistan to attach the northern and jap components of the nation with Gwadar Port.

The federal government has additionally stored funds for feasibility research of an expressway mission to hyperlink the Pak-Afghan border level of Ghulam Khan in Khyber-Pakhtunkhwa (Ok-P) to CPEC’s M-14 Motorway, the shortest hyperlink for Kabul with Gwadar Port.

Among the many outstanding CPEC tasks, Rs16 billion has been earmarked for upgrading the present nationwide freeway between the Dera Ismail Khan district of Ok-P and Khuzdar district of Balochistan right into a twin carriageway to hyperlink CPEC’s M-14 and M-8 motorways.

These tasks will drastically scale back journey time between Islamabad and Gwadar Port. One other Rs2 billion has been put aside for the Naukundi-Mashkhel Street in Balochistan beneath CPEC.

Equally, Rs7.8 billion has been allotted for the 2 sections of M-8 Motorway in Makran and Kalat divisions of Balochistan. M-8, linking Sindh with Gwadar and several other sections of this east-west motorway, is already operational.

Additionally, over Rs6 billion has been allotted for various tasks to attach Gilgit with Chitral to offer an all-weather CPEC hall within the northern components of the nation.

About Rs1.4 billion has been put aside for the Havelian-Thakot part of Karakoram Freeway, an extension of CPEC’s Hazara Motorway.

The federal government has additionally stored Rs6 billion for upgrading the present N-25 freeway right into a double carriageway. The street hyperlinks Karachi with Gwadar, Quetta and Pak-Afghan border level Chaman in Balochistan.

THE ARTICLE ORIGINALLY APPEARED ON THE CHINA ECONOMIC NET

 

Revealed in The Categorical Tribune, June 12th, 2022.

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