The federal government has allocated an amount of over Rs 73 billion in the public sector development programme (PSDP) for the next budget 2014-15 in order to execute development projects under China- Pakistan Economic Corridor (CPEC).
According to a document of PSDP, projects issued by the Annual Plan Coordination Committee (APCC) the government is utilizing over Rs 49 billion on construction of roads and motorways under CPEC in the next fiscal year.
The government has also envisaged an allocation of Rs 30 billion for land acquisition, relocation of utilities and compensation for 859 kilometer long Lahore-Karachi Motorway in the next budget.
Under CPEC, the government has allocated Rs 5.5 billion for Multan-Sukkur Section (387 km) with credit financing share of 90:10 percent in the next budget.
Islamabad will provide financing share of 10 percent out of total estimated cost of this project stood at Rs 245.983 billion.
The government’s allocation for Sukkur-Hyderabad Section (296 km) on BOT basis has been envisaged at Rs 3 billion in the next PSDP for 2014-15 against total cost of Rs 44.400 billion.
