New Gwadar airport on radar again

New Gwadar airport on radar again

CDWP approves project at cost of Rs51.3b, up 138% within five years


ISLAMABAD:
The government on Monday approved the New Gwadar International Airport project at an upward revised cost of Rs51.3 billion, showing an increase of 138% in its construction price within five years amid a slow pace progress on an important China-Pakistan Economic Corridor (CPEC) scheme.

The Central Development Working Party (CDWP) took the decision to revise upward the project cost. Planning Commission Deputy Chairman Jehanzeb Khan chaired the CDWP meeting. The body has a mandate to scrutinise and approve development schemes and refer the mega projects for final ratification of the Executive Committee of the National Economic Council (Ecnec).

“New Gwadar International Airport (NGIA) second revision worth Rs51.3 billion referred to the Ecnec for further consideration,” according to the Ministry of Planning handout. The second revised PC-1 of the project had been submitted by the Aviation Division to revise the scope and cost of ASF camp, CAA residential building to be funded and executed by the Pakistan side, it added.

The CDWP accorded go-ahead to the Gwadar airport being an ongoing project with the directions to “review PSDP requirements keeping in view limited development portfolio and future revenues to the country”.

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