Wen to announce fund for damaged road infrastructure

[Lahore_Real_Estate]

ISLAMABAD - Apart from other major announcements, Chinese Prime Minister Wen Jiabao is most likely to announce fund, for construction of road infrastructure damaged due to recent flash floods, in his upcoming visit scheduled for the next week.
“Wen Jiabao may also announce financial support for damaged road infrastructure worth billions in his visit,” official sources informed The Nation.
Apart from other announcements to support Pakistan while addressing joint session, sources said, a formal signing ceremony is also expected to support country’s damaged road infrastructure.
Both the countries are already in negotiation about making plausible strategy for road network badly damaged during recent flash floods. “Pakistan has also forwarded Rs 27.5 billion project component (PC-1) for construction of roads to China a couple of weeks before,” sources said.
Chinese concerned officials from investment and infrastructure sectors have already paid visits to different flood-hit areas. “Chinese concerned officials are in contact with Pakistan’s NHA officials for last some months to making estimate of damages,” sources said.
It would not be out of place to mention here that NHA has also sent a project component (PC-1) worth Rs 27.5 billion to planning commission, which is currently under observation by the concerned quarters.
“The document regarding PC-1 for damaged road construction made by National Highway Authority (NHA) in collaboration with NESPAK have been moved to Planning commission,” sources said.
According to the document, construction of 45 road projects and seven bridges are in the planning and the cost anticipated is Rs 18.37 billion. The construction and rehabilitation, designing, consultancy and other component are being estimated worth Rs 27.5 billion, according to the prepared PC-1.
It is pertinent to mention here that National Highway Authority (NHA) has been waiting to consume it for reconstruction but the department concerned is yet to release finance for repairing the destroyed road infrastructure. While, it has also been assumed that further delay may prove to be damaging for roads.