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Gwadar Port to have new airport at three times higher cost

Gwadar Port to have new airport at three times higher cost

 

ISLAMABAD: The Central Development Working Party (CDWP) conditionally cleared civil aviation authority’s plan of New Gwadar International Airport at a revised cost of Rs26.6 billion, which is three and a half times higher than the original price.

This clearance was given by the Central Development Working Party (CDWP) as the body have the mandate to approve up to Rs3 billion projects and recommend mega projects for the final approval of Executive Committee of National Economic Council.

Moreover, the CDWP considered 14 projects, having an accumulative cost of Rs214.8 billion. The projects tabled for the CDWP consideration included three schemes of Gwadar, valuing Rs37.5 billion and five projects of Pakistan Railways worth Rs79.2 billion.

Sources said that the CDWP chairman grilled the Aviation Division for increasing corruption and misuse of funds in projects, executed by the division. The Aviation Division could not stop massive embezzlements of funds in execution of new Islamabad International Airport.