Japan has decided to extend financial assistance of 93.48 million dollars to Pakistan for five projects including 65 million dollars loan assistance for polio eradication.
Documents available with this scribe show that the government of Japan has decided to extend additional grant of 10.9 million dollars for the project of 'Strengthening of DAE Mechanical and Architecture Department in GCT Railway Road, Government of Punjab, Lahore', dollars 0.62 million for 'Improvement of Audio Visual Equipment of the National Institute of Folk and Traditional Heritage', four million dollars for 'Purchase of Industrial Equipment (For Construction Technology Training Institute and Pakistan Institute of Medical Sciences, Islamabad); and grant assistance of 12.9 million dollars for the project of 'Up-gradation of Mechanical System Wasa Faisalabad'.
Documents reveal that the government of Pakistan is under negotiations with Japan for financial assistance for three major projects including Revival of Karachi Circular Railway, Interconnection of Thar Coal Based 1200 MW Engro Power Plant with NTDC System, and Makhi-Farash Link Canal (Chtiari Phase-II) including Feasibility Study.
According to the documents, Japanese Government has indicated an interest in financing the revival of Karachi Circular Railway (KCR) project as a modem commuter system. The project was approved by Ecnec on August 16, at a total cost of 2.498 billion dollars.
The project 'Interconnection of Thar Coal Based 1200 MW Engro Power Plant with NTDC System' was approved by Ecnec on August 16, at a total cost of Rs 22.04 billion with FEC 14,846.44 million. Economic Affairs Division (EAD) has shared a copy of PC-I with the Jica for review. The project 'Makhi-Farash Link Canal (Chtiari Phase-II) including Feasibility Study' was approved by Ecnec on August 16, at a total cost of Rs 27 billion. EAD requested Japan for financing the project on January 26, while response from Japanese side is awaited.