ISLAMABAD: The government has allocated over Rs 4 billion for the development of Gwadar for fiscal year 2019-20 through various projects including construction of airport, railway corridor, desalination plant and fish landing jetty.
The New Gwadar International Airport will receive Rs 555 million of which Rs 200 is foreign aid. The project was approved by Executive Committee of National Economic Council (ECNEC) on January 12, 2015 with total estimated cost of Rs 22,247 million.
For acquisition of land for Railway Corridor from seaport and railway operational land, an amount of Rs 800 million has been allocated.
Upgrade comes as Islamabad looks to maintain momentum following agreement with IMF to review $7bn EFF
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