LAHORE: The Lahore Waste Management Company’s (LWMC) Board of Directors has okayed annual budget of Rs12.9 billion for the financial year 2015-16.
The LWMC allocated Rs10.8 billion for non development projects, whereas Rs2.1m for development projects.
Amount for non-developmental expenditures includes Rs6.2 billion for operational expenditures, Rs1.6b for waste treatment and disposal project, Rs2.6b for labour cost and Rs264 millions for head office expenditures.
The 34th meeting of LWMC’s Board of Directors was held in the head office chaired by LWMC Chairman and Adviser to Chief Minister Punjab Khawaja Ahmad Hassaan in order to review and approve certain agendas including annual budget 2015-16, confirmation of the Managing Director for the next three years, construction of next 2 cells of Sanitary Landfill Site, Internal Audit Report for 2nd and 3rd quarter for the year 2014-15 and employee’s provident fund trust and health insurance policy.
During the meeting, approval was given to allocate amount for construction of 2 new cells of Sanitary Landfill Site, purchase of machinery for Landfill site, Rehabilitation of Mehmood Booti dumpsite, purchase of land for 2 transfer stations, construction & installation of 8 new Biogas Plants in rural UCs and fabrication and installation of 6000 waste bins.
The BoD members, who attended the meeting, included Member National Assembly Mehar Muhamamd Ishtiaq, Member Provincial Assembly Majid Zahoor, Vice Chairman Dr Nasir Javaid, Ahmad Rafay Alam, Mussarat Jabeen, Tariq Manzoor, and Suhail Akhtar Shahzad. Managing Director Khalid Majeed, Company Secretary Muzaffar Islam, Chief Financial Officer Naveed Ahmed, Financial Advisor Ahsan Chugtai, General Manager Procurement Akhtar Butt, General Manage Human Resource & Administration Colonel Asad Farooq and Head of Communication Department Jamil Khawar were also among the attendees of the meeting.
