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ECNEC approves development projects worth PKR 250bn

Real Estate News
01 May 2020
ECNEC approves development projects worth PKR 250bn

ECNEC approves development projects worth PKR 250bn

Islamabad: The Executive Committee of the National Economic Council (ECNEC) on Thursday has approved four development projects worth PKR 250bn.

Presided by Advisor to the Prime Minister on Finance and Revenue Dr. Abdul Hafeez Shaikh, the ECNEC meeting discussed a proposal for the construction of the Lodhran-Multan section of N-5 and two flyovers at Railway Crossing on Lodhran Bypass. The approval for the project was given at a cost of PKR 12.434 billion.

Under the project, three interchanges at Super Chowk and Permit Chowk in Lodhran and an interchange at Bahawalpur Chowk Mul­tan would be built beside two flyovers. The project would be completed in 24 months i.e. 2 years.

The project also covers four minor bridges, as well as, reconstruction and widening of culverts and urban area improvement at Basti Malook Multan City and Larr Town. Upon the completion of the project along with the reconstruction of existing two-lane northbound sections and construction of flyovers, interchanges, the flow of traffic would become smooth and congestion would be avoided providing a safe, reliable, and efficient road facility for the commuters.

During the meeting, ‘Punjab Human Capital Investment Project’ was also approved at a cost of Rs32bn to strengthen primary health facilities, support economic inclusion for the young parents with children for poverty alleviation, introduce conditional cash transfer program to encourage the poor to access the health and nutrition support, and expand and strengthen early childhood education.

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