AIRLINK 196.38 Increased By ▲ 4.54 (2.37%)
BOP 10.11 Increased By ▲ 0.24 (2.43%)
CNERGY 7.75 Increased By ▲ 0.08 (1.04%)
FCCL 38.10 Increased By ▲ 0.24 (0.63%)
FFL 15.74 Decreased By ▼ -0.02 (-0.13%)
FLYNG 24.54 Decreased By ▼ -0.77 (-3.04%)
HUBC 130.38 Increased By ▲ 0.21 (0.16%)
HUMNL 13.73 Increased By ▲ 0.14 (1.03%)
KEL 4.60 Decreased By ▼ -0.07 (-1.5%)
KOSM 6.19 Decreased By ▼ -0.02 (-0.32%)
MLCF 44.85 Increased By ▲ 0.56 (1.26%)
OGDC 206.51 Decreased By ▼ -0.36 (-0.17%)
PACE 6.58 Increased By ▲ 0.02 (0.3%)
PAEL 39.77 Decreased By ▼ -0.78 (-1.92%)
PIAHCLA 17.20 Decreased By ▼ -0.39 (-2.22%)
PIBTL 7.99 Decreased By ▼ -0.08 (-0.99%)
POWER 9.20 Decreased By ▼ -0.04 (-0.43%)
PPL 178.91 Increased By ▲ 0.35 (0.2%)
PRL 38.93 Decreased By ▼ -0.15 (-0.38%)
PTC 24.31 Increased By ▲ 0.17 (0.7%)
SEARL 109.27 Increased By ▲ 1.42 (1.32%)
SILK 1.00 Increased By ▲ 0.03 (3.09%)
SSGC 37.75 Decreased By ▼ -1.36 (-3.48%)
SYM 18.83 Decreased By ▼ -0.29 (-1.52%)
TELE 8.53 Decreased By ▼ -0.07 (-0.81%)
TPLP 12.14 Decreased By ▼ -0.23 (-1.86%)
TRG 64.76 Decreased By ▼ -1.25 (-1.89%)
WAVESAPP 12.11 Decreased By ▼ -0.67 (-5.24%)
WTL 1.64 Decreased By ▼ -0.06 (-3.53%)
YOUW 3.87 Decreased By ▼ -0.08 (-2.03%)
BR100 12,000 Increased By 69.2 (0.58%)
BR30 35,548 Decreased By -112 (-0.31%)
KSE100 114,256 Increased By 1049.3 (0.93%)
KSE30 35,870 Increased By 304.3 (0.86%)

ISLAMABAD: The sub-committee of the Senate Standing Committee on Communications was informed that 33 projects were completed at increased costs — almost 13 percent more than the initial bid.

A meeting was convened under the chairmanship of Senator Saifullah Abro at the Parliament Lodges. Senior officers from the Ministry of Communications and the National Highways Authority (NHA) were present. The sub-committee reviewed various completed and ongoing projects of the NHA to identify cost overruns and the reasons for it.

Main reasons for increased costs of projects were difference between financial funds and financial phasing in PC-I, cost escalation, additional scope of work and land acquisition issues.

The sub-committee reviewed in detail 10 projects that include the Larkana–Khairpur Bridge project, Lakhi-Naudero–Larkana project; Larkana–Moen jo Daro Road project, the West Bank Bypass in Muzaffarabad, Moosa Pak Shaheed Bridge, and Gharo-Keti Bandar Road. The Hyderabad–Sukkur Road project was also discussed in detail.

Chairman committee Senator Saifullah Abro directed that a letter must be written to the chairman NHA regarding irregularities. He stressed that Public/Private Partnerships were the way forward and that all-out efforts must be made to ensure transparency of the bidding process. The ministry was directed to carry out amendments in the data presentation.

While discussing the prequalification process Senator Saifullah Abro stressed the need for transparency in the process. He was of the view that following international standards in this regard would be helpful. Stressing the need for improving security situations, the convener committee stated that this was an essential step towards prosperity and development.

The major issues observed in projects were initiated in between 2008-2013; 25 out of 35 projects fell into this category. It was asserted that background research must be stringent so that cost overruns are prevented. Following international standards was in order to minimise escalation costs, as seen in most Asian Development Bank (ADB) projects, was stressed.

The convener committee was of the view that cost overruns and escalation costs must be investigated minutely in order to curb irregularities in various projects.

Copyright Business Recorder, 2022

Comments

Comments are closed.