ECNEC approves mini-dam as part of Diamer-Bhasha

ISLAMABAD: The administration on Wednesday changed the extent of Diamer-Bhasha dam venture, only a half year after its endorsement by the most elevated discussion, and made a little dam some portion of the plan, which would push its general expense to Rs480 billion.

The Executive Committee of the National Economic Council (Ecnec), the most elevated task supporting specialist, incorporated the Tangir hydropower venture in the Diamer-Bhasha dam and affirmed the reconsidered expense of the undertaking at Rs479.7 billion, as per the fund service.

The adjustment in the extent of one of the need ventures, after just a half year, features the absence of arranging, which regularly causes cost overwhelms.

It was the primary Ecnec meeting under the Pakistan Tehreek-e-Insaf (PTI) government, which endorsed seven plans costing Rs659 billion. The net increment in expense was Rs185 billion.

The Diamer-Bhasha dam venture had just been endorsed at Rs474-billion expense in April this year. Headed by Finance Minister Asad Umar, the gathering likewise affirmed the Peshawar Metro Bus venture at 20% higher expense of Rs66.4 billion.

On April 17, 2018, the last Pakistan Muslim League-Nawaz (PML-N) government had endorsed the development of Diamer-Bhasha dam at an expected expense of Rs474 billion, went for expanding the nation's draining water stockpiling limit. While supporting the dam venture, previous head administrator Shahid Khaqan Abbasi had shot down building a little dam amid the development of the super undertaking.

In any case, now the Water and Power Development Authority (Wapda) has got PC-I of the task changed by including 15MW power age limit. This has expanded the venture cost by Rs6 billion to Rs480 billion.

Land issues have additionally yet to be dealt with before beginning development of the dam, as indicated by authorities. The land securing process is intended to be finished by 2021.

The venture will be finished by looking for remote advances of Rs154 billion and giving Rs238 billion from the financial plan. The rest of the sum will be raised by Wapda from its own assets.

Ecnec affirmed the modified expense of Peshawar Sustainable Bus Rapid Transit Corridor at Rs66.437 billion, checking June 2019 as the stipulated date for task finish.

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The updated expense incorporates Rs53.3 billion worth of financing by the ADB and AFD. Outside advances have been connected with the condition that no request or examination is pending at the level of FIA and NAB or some other level nor any legitimate procedures against the venture specialists are in progress.

The Peshawar Metro venture had been affirmed in July 2017 at an expense of Rs49.4 billion, which in a range of 15 months has been expanded by 20%.

An extra 2.2km lifted structure must be worked to keep away from zones under the control of the military, Ecnec was educated. Add up to development cost of various bundles has gone up from Rs31.6 billion to Rs48.8 billion.

The expense of armada and bicycle sharing offices has been raised from Rs9.4 billion to Rs11.5 billion. In any case, the overhead expense has been brought from Rs8.4 billion down to Rs6.2 billion.

Ecnec endorsed the undertaking for the clearing of intensity from Suki Kinari, Kohala and Mahl hydropower ventures at an expense of Rs80 billion. The ADB will give Rs46.8 billion in advance, while the NTDC will mastermind Rs33.1 billion.

The plan will be finished by 2023. A 500kv transmission system will be set up to empty power from the three power plants being developed under the China-Pakistan Economic Corridor (CPEC).

Ecnec endorsed the restoration of Dargai hydroelectric power station at an expense of Rs4.1 billion. The task has been started to restore the hydropower plant to add 2MW greater power to the framework.