New Gwadar Airport on Radar Once More
The government of Gwadar approved the New Gwadar International Airport project at a revised cost of Rs 51,3 billion, representing a 138% rise in the project’s construction costs within five years due to the poor pace of progress on the China-Pakistan Economic Corridor (CPEC) initiative.
The Central Development Working Group (CDWG) decided to increase the project’s budget. Jehanzeb Khan, Vice Chairman of the Planning Commission, presided over the CDWP meeting. It is tasked with reviewing and approving development plans and referring megaprojects to the Executive Committee of the National Economic Council for final approval (Ecnec).
The project was part of CPEC’s first phase, scheduled to be finished in 2018. In addition to hundreds of other CPEC projects, work of the New Gwadar International Airport is also running behind schedule.
The Planning Commission’s vice-chairman also recommended that solar and wind power be combined to generate electricity to fulfill the airport’s future needs.
It is believed that the new Gwadar airport is essential for the growth of Gwadar Port and its free zone. The Ministry of Planning is regaining control of CPEC gradually.
The CDWP approved a development project with a budget of Rs2.7 billion. The CDWP has approved the feasibility studies and detailed engineering design for the KPCIP (Transport and Municipal Services) under Project Readiness Financing -PRF2.
For more updates, stay tuned to Al Sadat Marketing News!
You can also invest in other famous and most in demand housing societies, such as , Blue World City, Rudn Enclave, 7 Wonders City Peshawar, Taj Residencia, Kingdom Valley, New Metro City Gujar Khan, Forest Town Rawalpindi, University Town Rawalpindi, ICHS Town, Park View City Islamabad, Multi Gardens B17 Islamabad and Nova City Islamabad.
Few more real estate housing schemes which are trending now a days in Islamabad by including: Faisal Town Phase 2, Prism Town Gujar Khan, New City Paradise, Eighteen Islamabad, 7 Wonders City Islamabad, Capital Smart City, Silver City Islamabad, The Life Residencia, Faisal Town Islamabad, Islamabad Golf City, Islamabad Model Town and Marble Arch Enclave.
Al Sadat Marketing is an emerging Real Estate Agency headquartered in Islamabad, Pakistan. With over 10+ Years of experience, Al Sadat Marketing is providing its services and dealing all trending housing societies projects in different cities of Pakistan. Islamabad Projects, Rawalpindi Projects, Gujar Khan Projects, Burhan Projects, and Peshawar Projects etc.
Book Your Plot Now: +92 331 111 0005