AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 132.66 Increased By ▲ 3.13 (2.42%)
BOP 6.89 Increased By ▲ 0.21 (3.14%)
CNERGY 4.57 Decreased By ▼ -0.06 (-1.3%)
DCL 8.92 Decreased By ▼ -0.02 (-0.22%)
DFML 42.75 Increased By ▲ 1.06 (2.54%)
DGKC 84.00 Increased By ▲ 0.23 (0.27%)
FCCL 32.90 Increased By ▲ 0.13 (0.4%)
FFBL 77.06 Increased By ▲ 1.59 (2.11%)
FFL 12.20 Increased By ▲ 0.73 (6.36%)
HUBC 110.01 Decreased By ▼ -0.54 (-0.49%)
HUMNL 14.40 Decreased By ▼ -0.16 (-1.1%)
KEL 5.53 Increased By ▲ 0.14 (2.6%)
KOSM 8.32 Decreased By ▼ -0.08 (-0.95%)
MLCF 39.67 Decreased By ▼ -0.12 (-0.3%)
NBP 65.50 Increased By ▲ 5.21 (8.64%)
OGDC 198.74 Decreased By ▼ -0.92 (-0.46%)
PAEL 26.00 Decreased By ▼ -0.65 (-2.44%)
PIBTL 7.62 Decreased By ▼ -0.04 (-0.52%)
PPL 159.00 Increased By ▲ 1.08 (0.68%)
PRL 26.24 Decreased By ▼ -0.49 (-1.83%)
PTC 18.35 Decreased By ▼ -0.11 (-0.6%)
SEARL 82.24 Decreased By ▼ -0.20 (-0.24%)
TELE 8.12 Decreased By ▼ -0.19 (-2.29%)
TOMCL 34.40 Decreased By ▼ -0.11 (-0.32%)
TPLP 8.98 Decreased By ▼ -0.08 (-0.88%)
TREET 16.88 Decreased By ▼ -0.59 (-3.38%)
TRG 59.49 Decreased By ▼ -1.83 (-2.98%)
UNITY 27.52 Increased By ▲ 0.09 (0.33%)
WTL 1.40 Increased By ▲ 0.02 (1.45%)
BR100 10,614 Increased By 206.9 (1.99%)
BR30 31,874 Increased By 160.5 (0.51%)
KSE100 98,972 Increased By 1644 (1.69%)
KSE30 30,784 Increased By 591.7 (1.96%)

Asian Development Bank (ADB) would provide Rs 16 billion to Punjab government for Flood Emergency Reconstruction and Resilience Project with an estimated cost of Rs 17.7 billion, it is learnt. The Flood Emergency Reconstruction and Resilience Project will rehabilitate and reconstruct floods' damaged roads and bridges in Punjab.
According to documents available with Business Recorder, ADB would provide 90 percent (Rs 16 billion) while Punjab government would extend 10 percent (Rs 1.7 billion) on the project. The project would be completed in 36 months. The objective of the project is protection of infrastructure from onslaught of floods, seepage losses in irrigation system, deteriorating institutional capacities of key water sector institutions and increased poverty in backward irrigated areas.
A total of 1119 damaged roads and bridges would be reconstructed, 127 flood protection schemes relating to irrigation and drainage would be upgraded and 20 units of Provincial Disaster Management Authority (PDMA) would be strengthened. In the first week of September 2014, heavy monsoon rains and floods in the catchments areas of eastern rivers of Chenab, Ravi, Sutlej and Jhelum resulted in flash floods that caused havoc and various rain-hit districts of the province damaged physical infrastructure as well as destroyed private housing and agriculture. In Punjab, as many as 16 districts were primarily affected by flooding in the eastern rivers and 12 additional districts suffered severe damages due to heavy rainfall.
According to documents, Rs 537 million would be spent for districts roads, Rs 7.3 billion for emergent restoration works, Rs 90 million for on-going emergent restoration, Rs 21.64 million for equipment, tools and instruments, Rs 239 million for construction supervision, consultants/project management cost, Rs 830.17 million for physical contingences and price escalation, Rs 2.71 billion for inescapable works and Rs 1.5 billion for protection of Jhelum city from the flood of River Jhelum. The documents further revealed that Rs 612 million was earmarked for project management, Rs 592.81 million for contingencies, Rs 141.8 million for disaster risk management, Rs 541.7 million for disaster risk management of PDMA, Rs 166.91 for data clearance house administrative cost and Rs 309.8 for project management cost P&D.

Copyright Business Recorder, 2015

Comments

Comments are closed.