Finance Ministry released up to 22 percent funds out of total allocation under Public Sector Development Programme (PSDP) to two ministries-Railways and Information Technology and Telecom in the first half (July-December 2009) of the current financial year. This was revealed in the Mid Term Review of PSDP held on Wednesday.
Project authorities of the Ministry of Railways maintained that during the end of first quarter (July-September) review of PSDP, Finance Ministry had committed to release of Rs 8 billion under PSDP for development projects of Railway Ministry by December 31, 2009. But the Ministry released only Rs 3 billion. The government had allocated an amount of Rs 11180.400 million in the PSDP for completion of 20 on-going projects and Rs 1500.800 million for the execution of eight new schemes in Railways Division during 2009-10 with Rs 3030.000 million from foreign loans and Rs 8150.400 million from domestic resources.
An amount of Rs 2832 million had been made available for overcoming the damages to Railways assets during riots in December 2007. An amount of Rs 1594 million had been allocated for doubling of track from Khanewal to Raiwind and Rs 1400 million had been specified for procurement and manufacture of 1000 High Capacity Wagons.
For the Ministry of Information, Technology and Telecom, the government had allocated Rs 1.128 billion for a total of 83 development projects. The government had to release Rs 430.4 million in the first quarter, but released only Rs 48.5 million. During the end of first quarter (July-September) review of PSDP, Finance Ministry had committed to release Rs 600 million for development projects of Ministry of Information by December 31, 2009. But the Ministry released only Rs 213 million.
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