Islamabad: Following Prime Minister Imran Khan’s popular statement that PM House will be converted into a modern university before the 2018 election, the Executive Committee of the National Economic Council (ECNEC) authorised the project on Friday at a cost of Rs. 23.54 billion.

According to reports, the project’s cost was originally projected to be approximately Rs35 billion, however it was later reduced.

Read More: PM opens work on capital’s first judicial complex at G-11

According to authorities, the ECNEC has authorised the proposal for Pak Institution of Engineering & Emerging Technologies (PUEET), a research university that would contain a number of centres of excellence in cutting-edge fields of science and technology as well as a state-of-the-art Technology Park. The project’s overall cost is Rs23.54 billion. The initiative will improve educational quality, foster industry-academic collaboration, and educate graduates in cutting-edge technology.

According to reports, the project’s PC-I was filed after a three-year delay, and a project director was looking into the huge project.

Read More: PM Khan launches mobile app to facilitate CNIC applicants

Last year, the Federal Cabinet authorised a modification to Islamabad’s master plan to allow for the establishment of a university at Prime Minister House. Prime Minister Imran Khan promised to turn Prime Minister House into a university before the 2018 elections.

The university proposal was rejected because, according to the Islamabad master plan, an educational institution cannot be established in the PM House sector, which is solely for government and administrative buildings. The university was one of Prime Minister Imran Khan’s electoral pledges, and it was also featured in the PTI’s platform before to the 2018 general election.

Stay tuned with Tajarat Property for more updates or information about the top-notch real estate projects like Blue World City.