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CDWP agrees for two projects worth 196 billion

bySidra Butt
April 27, 2021
in Business, Economy, Finance, Main, New
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On Monday, The Central Development Working Party (CDWP) cleared two development projects worth Rs196.46 billion, including the construction of 306km Hyderabad-Sukkur Motor­way (M-6) in the public-private financing mode on the Build-Operate-Transfer (BOT) basis. 

The meeting, presided over by Deputy Chairman of Planning Commission Muhammad Jehanzeb Khan, approved Rs5bn in the health sector for Balochistan and recommended the Rs191.47bn Hyderabad-Sukkur Motor­way project to the Executive Committee of the National Economic Council (Ecnec) with significantly higher financial share of the government. 

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Under the current financial powers, the CDWP can itself approve projects costing no more than Rs10bn while projects of higher estimated costs are approved by Ecnec once the CDWP clears them on technical grounds. 

In Monday’s meeting, only two projects related to health and transport & communications were presented.

Tags: BOTCentral Development Working PartyEcnecMotorway
Sidra Butt

Sidra Butt

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