ISLAMABAD: The Executive Committee of the National Economic Council (Ecnec) on Wednesday approved Rs24.96 billion for various road infrastructure projects, including Rawalpindi Ring Road and Lai Nullah Express Way, ARY News reported.
Adviser to the Finance and Revenue Shaukat Tarin chaired the ECNEC meeting held here in Islamabad.
According to details, ECNEC approved the project of land acquisition for Leh Expressway & Flood Channel, Rawalpindi worth Rs. 24,96 million. The project will be executed by Rawalpindi Development Authority (RDA).
ECNEC also approved construction of Rawalpindi Ring Road – R3, main carriageway from Baanth (N-5) to Thallian (M-2) amounting to Rs23,606 million with condition to acquire the concurrence of Planning Commission and inclusion of Axel load management in the project.
Provincial ADP will finance the project and Rawalpindi Development Authority (RDA) will execute the project for the construction of 6 lane access-controlled 38km Rawalpindi Ring Road.
Meanwhile, ECNEC also approved revised Southern Punjab Poverty Alleviation Project (SPPAP) worth Rs. 25,243million.
In February this year, Prime Minister Imran Khan approved the Nullah Lai expressway project to be completed at a cost of Rs75 billion aimed to solve the problems of Rawalpindi residents
It may be noted that an expressway will be constructed on both sides of Nullah Lai as wells as two malls would be built on government land around the expressway. The project would be completed through a public-private partnership.