ECNEC Bends to Clear Two Mega Projects
Wednesday in Islamabad, the federal government reversed its own judgment over a Rs 29 billion road project and waived a legal requirement for performing a feasibility assessment on another project.
Read: PKR 10 Billion Mega Development Package Allotted for Gujrat
The Executive Committee of National Economic Council (Ecnec), led by Finance Minister Shaukat Tarin, made moves that have raised governance and responsible fiscal management concerns. Ecnec made decisions on four summaries, but the Ministry of Finance only reported two in its handout, underscoring the government’s increasing lack of transparency.
The Pakistan Tehreek-e-Insaf (PTI) administration approved Frontier Works Organization’s participation in the project. Public contracts cannot be awarded without first assuring competitive bidding, per the PPRA Rules of 2004.
Read: Ravi City Project to Generate PKR 1,000 Billion Activity
After a lengthy discussion, the committee requested a feasibility analysis on the entire project to determine its long-term viability. The committee was further instructed to retain independent financial advisors for the purposes of evaluating funding sources and enhancing internal financial capabilities.
It was suggested that technical experts and consultants of international renown may be employed for assistance with design and procurement.
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