The Central Development Working Party (CDWP) cleared yesterday, six development projects worth Rs177.4 billion, including a foreign exchange component of Rs126.6bn.
The CDWP also cleared the construction of infrastructure for the 6600MW Gadani Power Park project in Balochistan at a cost of Rs144.6bn and recommended its formal approval by the Executive Committee of the National Economic Council (Ecnec).
About 15 per cent of the project’s finances would be provided by the federal government while the remaining 85pc cost would be met through debt financing. The project aims to develop infrastructure at the Pakistan Power Park at Gadani, where 10 coal-fired power generation projects of 660MW each will be installed.
Chairing the CDWP meeting, Minister for Planning and Development Ahsan Iqbal asked the ministries to conduct a proper evaluation of the entire value chain of various development projects before their launch.
