Neelum Jehlum Cost increased from 274 Billion to 414 Billion

[xiaahmad]

ISLAMABAD: Water and Power Development Authority (Wapda) has revised actual cost of 969MW Neelum Jhelum Hydroelectric Project to Rs 414.034 billion instead of the initial estimated cost of Rs 274.882 billion calculated in June 2012, showing an increase of 50 percent. Ministry of Water and Power has submitted second revised PC-I to the Central Development Working Party (CDWP) headed b y Minister for Planning, Development and Reforms, Ahsan Iqbal, which is likely to be approved shortly.

Official sources told Business Recorder that the second revised PC-I reflect the actual financial impact of incidental charges, Interest During Construction (IDC), rupee depreciation and year to year impact of inflation.

M/s CGGC-CMEC, consortium of two Chinese firms, is constructing the project under the supervision of Neelum Jhelum Consultants (NJC), a Joint Venture comprising MWH International Inc. USA( lead firm), Norplan, Norway and Nespak, ACE and NDC of Pakistan.

According to official documents, feasibility study and detailed engineering design was completed by M/s Nor-Consult and Norplan of Norway in 1997. The PC-I cost approved by Executive Committee of National Economic Council (ECNEC) on February 28, 2002 was Rs 84.502 billion which is above 750 per cent as compared to the most recently calculated revised cost. NJHP began without financial close.

http://www.brecorder.com/top-storie...ct-wapda-revises-cost-upward/?date=2015-10-19

 

[UniFaithDici]

Not a single project was completed according to previous budjet and plan. Check the private accounts of Nawaz Shareef and his all family member, they have all money in their accounts.

Go NAwaz Go.

 

[Believer12]

پراجیکٹ اتنی ہی رقم کا بنے گا جو اضافہ ہے وہ کک بیکس ہیں جو کمپنی سے وزیروں اور بیوروکریسی نے مانگے ہیں ایسی ہی مثال میرے علم میں ہے جب ایک پراجیکٹ کا تخمینہ پچیس کروڑ لگایا گیا تو بیوروکریسی نے بل واپس کر دیا کہ اتنے میں تو ہمارے حصے دو دو کروڑ بھی نہیں آئے گا ،تب کمپنی نے پچاس کروڑ کا بل دوبارہ بھیجا جسے منظور کر لیا گیا
میرا خیال ہے اب حکومتی وزیروں کو شک پڑ گیا ہے کہ دوبارہ آنا مشکل ہے دو سال میں جتنا مال بنایا جاسکتا ہے بنالو ، فوج کو چاہئے کہ کمپنی کو براہ راست دھمکی دے کہ کن بیورو کریٹس نے تقریبا ڈیڑھ کھرب روپے کمیشن کا مطالبہ کیا ہے ،ظاہر ہے کمپنی نے کونسا اپنی جیب سے دینا ہے بس چار سو چودہ ارب کا بل شو کرنا ہے ​

 

[Sham khan 1]

inka pait kab bhare ga itna to loot chuke h mulk ko...

 

[miafridi]

And these same people Deny summary of KPK Hydal Projects on the grounds that they have exaggerated cost, while it is much much lower than what PML-N is spending..