CDWP Approves Three Uplift Projects Worth Rs55.5 Billion
The Central Development Working Party (CDWP) approved three development projects totaling Rs55.5 billion on Thursday, including an Rs31.2 billion information technology scheme for Karachi.
A CDWP meeting presided over by Deputy Chairman of Planning Commission Mohammad Jehanzeb Khan approved Rs3.4 billion for a cancer hospital in Muzaffarabad, Azad Jammu & Kashmir, and proposed two other projects for approval by the National Economic Council’s Executive Committee (Ecnec).
The Pakistan Atomic Energy Commission (PAEC) will establish and run the cancer hospital in Muzaffarabad in the same manner as similar hospitals in provincial capitals and Islamabad.
The CDWP reviewed the Rs31.2bn proposal for the development of an IT park in Karachi and recommended its approval by Ecnec. The Pakistan Software Export Board (PSEB) plans to construct an 11-story IT park building near Jinnah International Airport. The project is 85% financed by the Korean Economic Development Cooperation Fund (EDCF) with a $158.5 million loan (Rs26.5 billion) and 15% funded by the Public Sector Development Programme (PSDP).
The meeting was told that the IT park will house approximately 210 IT businesses employing 8,400 people. The project will take six years to finish, with four years for construction and two years for service and maintenance support. It would then become self-sufficient in terms of revenue generation by public-private partnership activities in the form of leases, utilities, and auditorium facilities, with a projected EIRR of 17.17 percent. Six acres of land near Jinnah International Airport has already been leased by the PSEB.
The meeting referred to Ecnec for approval of an Rs20.8 billion healthcare project proposed by the Sindh government. The initiative “Covid-19 Response and Other Natural Climes Control Programme” aims to improve the health and well-being system in order to better prepare the public health system to cope with infectious disease outbreaks.
The project scope involves civil work on a 20-bed intensive care facility, 30-bed high dependency clinics, six district headquarters, a 20-bed Covid ward, 23 tehsil headquarters, upgrades to six DHQs and ten other general hospitals in Karachi and Hyderabad, and the installation of 13 oxygen generation plants at different hospitals. The provincial government will pay for the vehicles and administrative expenses.