Thursday, December 2, 2021

ECNEC approves NGIA project worth Rs51,298.175 mln | Wed, 24 Nov 2021, 10:53 PM - Associated Press of Pakistan

Last updated Wednesday, November 24, 2021 12:53 ET , Source: TopWireNews

ISLAMABAD, Nov 24 (APP):The Executive Committee of the National Economic Council (ECNEC) on Wednesday approved the New Gwadar International Airport (NGIA) 2nd revised project worth of Rs 51,298.175 million.
The 2nd revised project envisages construction of NGIA along with allied facilities over a piece of land already acquired.
Adviser to the Prime Minister on Finance and Revenue, Shaukat Tarin, chaired the ECNEC meeting, said a press release issued here.
Federal Minister for Planning, Development and Special Initiatives, Asad Umer, Federal Minister for Industries and Production, Makhdoom Khusroo Bakhtiar, Federal Secretaries and other senior officers from Federal as well as Provincial Government participated in the meeting.
NGIA will replace the existing airport at Gwadar which has small terminal building with limited capacity.
The new airport will be suitable for bigger aircraft like Airbus A-380 and Boeing -747 and 777 etc for international and domestic services.
ECNEC approved Pakistan Optical Remote Sensing Satellite (PRSS-02) project of SUPARCO worth of Rs. 27,913.567 Million.
The project will help building of an indigenous capacity in the fields of space /satellite technology and its applications, institutional capacity building of SUPARCO and promote high-tech R & D activities in the country. This project will contribute in acquisition of self-reliance in satellite technologies in Pakistan.
ECNEC approved Sialkot (Sambrial) – Kharian Motorway project submitted...

Read Full Story: https://www.app.com.pk/business/ecnec-approves-ngia-project-worth-rs51298-175-mln/

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