Executive Committee of National Economic Council has approved Mohmand Dam Hydropower Project at a cost of 309.55 billion rupees.

Meeting of the Committee was held in Islamabad today with Prime Minister Shahid Khaqan Abbasi in the chair.

Mohmand Dam will be a multi-purpose project which besides producing 800 MW electricity, will have a storage capacity of 1,594 million cubic meters of water to be used for irrigation, flood mitigation and supply of drinking water to Peshawar and FATA.

The Committee also accorded approval to construction of infrastructure and allied works for Metro Bus Services Peshawar Morr to New Islamabad International Airport at a cost of 16,427.88 million rupees.

The project will provide for affordable and convenient transport for passengers using the New Islamabad International Airport.

ECNEC also approved 5 Millions of Gallons per Day Reverse Osmosis Sea Water Plant for Gwadar City at a total cost of 5,071.43 million rupees.

Under this project sea water will be desalinated for catering to the drinking and other requirements of Gwadar City and adjoining areas.

The Federal Government has also agreed to increase its financing share from 50% to 67% and the remaining 33% will be financed by the Government of Balochistan.