Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar chaired the meeting of the Executive Committee of the National Economic Council (ECNEC), today. Federal Minister for Planning, Development and Special Initiatives Mr. Ahsan Iqbal, Federal Minister for Communications Mr. Asad Mehmood, SAPM on Finance Mr. Tariq Bajwa, Federal Secretaries and other senior officers from Federal and Provincial ministries and departments participated in the meeting in persons while Federal Minister for Commerce Syed Naveed Qamar, Finance Minister Khyber Pakhtunkhwa Mr. Taimur Saleem Khan Jhagra, Finance Minister Govt of Punjab Mr. Mohammad Mohsin Leghari, Senator Nisar Ahmed Khuhro attended the meeting virtually. The ECNEC considered and approved following development projects related to reconstruction and rehabilitation in flood affected areas of Pakistan. i. Rehabilitation & Reconstruction of N-5 from Moro to Ranipur Km 318 – 404 (NBC/SBC) & 32x Damaged Bridges under ADB Flood Emergency Loan, at the total cost of Rs. 36.211 billion (US$ 164,598,149), with 90% FEC share amounting to Rs. 32.5 billion and 10% GoP share amounting to Rs. 3.6 billion. It will be funded by the Asian Development Bank (90% share) and Government of Pakistan (10% share). The Road consists of flood damaged section of National Highway (N-5) from Ranipur to Moro. The Bridge component consists of Bridges on National Highway Network in Sindh, Khyber Pakhtunkhwa & Balochistan. ii. Emergency Flood Assistance Project (EFAP) – On Farm Water Management Component, at the total cost of Rs. 3828 million (US$ 17.4 million), with FEC of Rs. 3300 million (US$ 15 million), to be funded by the Government of Balochistan (GoB) and Asian Development Bank (under a Loan).The project will be implemented in flood affected districts of Balochistan. The proposed project envisages restoration of flood damaged on-farm water management infrastructure for revival of agriculture production in the severely flood affected districts of the province. iii. Sindh Flood Emergency Rehabilitation Project – SFERP (Irrigation Component), at the total cost of Rs. 48,327.22 Million, to be fully funded by the World Bank. The project is related to the issues of water conservation, protection of infrastructure from floods and institutional reforms in various districts of Sindh province. iv. Sindh Flood Emergency Rehabilitation Programme (SFERP) (Infrastructure, Livelihoods ( Rescue 1122 Component) with total cost of Rs. 66,002.57 million with FEC Rs. 59,402.321 million ( US$ 30 million) for restoration of roads, water supplies, rehabilitation of damaged drainage system, improvement of food security and sustainable livelihood and strengthening of institutional residence in various districts of Sindh province. v. Emergency Flood Assistance Project- Reconstruction and Rehabilitation of Irrigation, Drainage system and flood protection works in Khyber Pakhtunkhwa, at a total cost of Rs. 15.00 billion (US$ 68.2 million), with FEC of Rs. 13200 million (US$ 60.00 million), to be funded by the Government of Khyber Pakhtunkhwa (GoKp) and Asian Development Bank (under a Loan). The project is designed to rehabilitate the irrigation and flood protection system and put it back to operation for restoring agricultural productivity and protecting lives, infrastructure and properties in the flood affected areas of Khyber Pakhtunkhwa. vi. Emergency Flood Assistance Project- Reconstruction and Rehabilitation of Flood affected Irrigation Infrastructure at Balochistan, at the total cost of Rs.12,500 million (US$ 56.8 million), with FEC of Rs. 11,000 million (US$ 50 million), to be funded by the Government of Balochistan (GoB) and Asian Development Bank (under a Loan). The project envisages restoration of damaged irrigation infrastructure damaged due to reent floods in various districts of Balochistan province. vii. Sindh Water and Agriculture Transformation (SWAT) Project located in over Twenty-Three (23) districts of Sindh at a total cost of Rs. 70,445.95 million. The project envisages Creating Water and Agriculture Nexus, increased Agriculture Water Productivity, Rationalize Water requirement by encouraging water thrifty crops, Supporting farming community for crop after flood devastation, Boost up Rural economy. Besides it will push start the devastated agriculture sector after deluge of 2022 monsoons. The ECNEC considered revised project for the construction of Authmuqam- Sharda –Kel –Taobat road section ( 109.2 Kilometer ) including two tunnels at Kahori/Kamser and Challpani section of Neelum Valley road, Azad Jammu & Kashmir. The ECNEC approved the revised project at the reduced scope of construction of two tunnels at the revised rationalized cost of Rs. 9,0108.050 million, to be funded through Saudi Development Fund (SDF) and local share of Rs. 1,122.852 million to be provided through PSDP. NHA will execute the tunnels scope on Deposit Work basis and hand it over to Govt of AJ&K after completion. The ECNEC considered and approved Improving Workforce Readiness in Punjab Project at a total cost of Rs. 23.982 billion, including the Government of Punjab’s share of Rs. 2.086 billion and ADB’s share of Rs. 21.896 billion. The project will be executed across Punjab. The Improving Workforce Readiness in Punjab Project will help the TVET system to produce skilled workers, thereby, supporting economic growth and jobs creation in priority economic sectors. The project will finance the establishment of 20 centres of excellence (COEs) in existing TEVTA & PVTC institutes that will deliver high quality and relevant TVET by offering competency-based National Vocational Qualifications Framework programs and DAEs in the eight priority economic sectors. The project will also strengthen TVET sector institutional framework in Punjab. The ECNEC also considered and approved a project on Strengthening Social Protection Delivery System in Sindh (SSPD) at a total cost of Rs. 48,300 million with IDA share of Rs. 42,000 million and Government of Sindh share of Rs. 6,300 million. The project will be located in predominantly rural districts with highest MPI scores ( poorest) to strengthen Sindh Social protection service delivery systems and Mother and Child support programme (MCSP).
PREVIOUS NEXT
