Fund Approved for Ring Road Project by ECNEC
Islamabad: According to news reports, on Wednesday, the Rawalpindi Ring Road project was approved by the Executive Committee of the National Economic Council (ECNEC).
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In a meeting chaired by Shaukat Tarin, the Finance and Revenue Advisor, the project’s construction was approved and PKR 23.6 billion was announced for the project. It was also discussed that the project will require the consent of the Planning Commission, and the involvement of the Axle Load Management will also be considered for the project.
The Rawalpindi Development Authority (RDA) will construct the 38.3 km six-lane access-controlled Ring Road, while the RRR project will be funded under the provincial Annual Development Programme (ADP).
Meanwhile, the ECNEC evaluated and approved the PKR 19.1 billion amended Hyderabad–Sukkur Motorway project on a Build-Operate-Transfer (BOT) basis. The National Highway Authority (NHA) will oversee the project, which calls for the construction of a 306-kilometer, six-lane, split, and walled route linking the two cities.
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The committee also authorized a PKR 24.9 billion land acquisition plan for the Lai Expressway and the Rawalpindi flood channel, with the condition that no expenditures be made until the EIA study is completed and the PPP board gives its permission to the project.
The RDA will carry out the project, which will entail the purchase of 750 Kanals of land to clear the way for the building of the two projects, which will be an important element of Rawalpindi’s transportation network as well as flood control and sewage disposal.
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