Tarbela Dam Project Cost Goes Over-Budget By Rs. 23,400 Crore

Meanwhile, the cost of the Tarbela 5th Extension Project has jumped 282 percent, rising by Rs.

Key points

• 29 billion road project linking Gilgit-Baltistan with Azad Kashmir, and the Rathoa Haryam Bridge at Rs.
• The cost of the Tarbela 5th Extension Project has jumped 282 percent, rising by Rs.
• 407 billion Lahore-Sahiwal-Bahawalnagar Motorway, retaining its original 295-kilometre alignment.
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Meanwhile, the cost of the Tarbela 5th Extension Project has jumped 282 percent, rising by Rs. 234 billion from Rs. 82 billion to Rs. 316 billion, despite serious reservations over the project's management, oversight and previous structural failures.

Meanwhile, the Executive Committee of the National Economic Council (ECNEC), chaired by Deputy Prime Minister Ishaq Dar, approved the revised project as part of a package of 16 development schemes worth Rs. 1.15 trillion.

Notably, the Tarbela project was originally estimated to cost Rs. 82 billion. The latest revision takes the bill to Rs. 316 billion, adding Rs. 234 billion to the estimated cost. FBR Places Tax Officers Inside Sugar Mills.

In practice, the project has suffered significant delays and setbacks. An inquiry into the collapse of the downstream cofferdam discovered that the failure was linked to a design change, inadequate supervision and delayed administrative action rather than flooding.

Planning Minister Ahsan Iqbal had previously triggered concern regarding the project's management, transparency and oversight. The Finance Ministry additionally sought an explanation for the 282 percent cost rise and asked for details of the repayment mechanism since the project is being financed through international lenders. Despite these reservations, ECNEC approved the revised cost.

Meanwhile, the committee additionally approved the Rs. 407 billion Lahore-Sahiwal-Bahawalnagar Motorway, retaining its original 295-kilometre alignment. Its first 18.5-kilometre section from Lahore Ring Road to Raja Jang Interchange was approved at Rs. 49 billion.

Other approved projects include the Rs. 116.6 billion Khwazakhela-Besham Expressway, a Rs. 29 billion road project linking Gilgit-Baltistan with Azad Kashmir, and the Rathoa Haryam Bridge at Rs. 10.8 billion, compared with its original Rs. 1.4 billion estimate.

ECNEC additionally approved a Rs. 56.6 billion wastewater treatment project in Lahore, a Rs. 29.7 billion poverty alleviation program covering 10 southern Punjab districts and Rs. 10.6 billion for the Fulbright scholarship program.

In practice, the 16 projects have a combined estimated cost of Rs. 1.15 trillion, including around Rs. 320 billion in extra costs attributed to delays and rate increases. Stay Connected with ProPakistani.

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Taken together, the developments around tarbela Dam Project Cost Goes Over point to a situation that is still moving, and the coming days should bring more clarity.