The Federal Government has approved the construction of the New Gwadar International Airport (NGIA) at a cost of Rs 51.298 billion, up from Rs 7.675 billion allowed in 2010.
The Executive Committee of the National Economic Council (ECNEC) made this decision, as well as ordering the Pakistan Civil Aviation Authority (PCCA) to draught an energy plan for the New Gwadar International Airport (NGIA) within three months.
The Ministry of Planning, Development and Special Initiatives informed the ECNEC that the project was discussed by the CDWP at its meeting on September 20, 2021, and that the project was recommended to the ECNEC at a total cost of Rs 51.298 billion, including Rs 34.471 billion for the Foreign Exchange Component (FEC).
On January 21, 2010, the ECNEC approved the project at a total cost of Rs 7.675 billion, including an Omani grant of US$ 17.50 million. However, the project was re-evaluated, and the scope of work was expanded significantly. The CDWP re-evaluated the project and increased the cost to Rs 51.298 billion by modifying the 2nd amended PC-I.
