Massive corruption of Rs 137 billion alleged in Mutan Sukkhur Motorway project: Report

Massive corruption of Rs 137 billion alleged in Mutan Sukkhur Motorway project: Report
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ISLAMABAD - Massive corruption has been revealed in the Multan-Sukkur motorway project which has a length of 392 kilometres.

Three Chinese companies were short-listed for the project and all of them submitted their feasibilities, mentioning the cost of the project from Rs240bn to Rs245bn.

Later, a local company was directed to submit its feasibility to counter-check the cost of the project. The local company filed its feasibility and mentioned the same range of the project’s cost. But the project was awarded for Rs440b.

Chinese company which got the contract for the project was allowed to import duty-free machinery and cement. He claimed that the price of iron in Pakistan was Rs90,000 per tonne, but iron for the project was imported from China at the rate of Rs150,000 per tonne.

The embezzlement of Rs137bn of public money in the project is alleged to be embezzled.

Economy