PM witnesses signing of Concession Agreement b/w Punjab govt and NLC
ISLAMABAD-Prime Minister Imran Khan has witnessed signing of Concession Agreement between Government of Punjab and National Logistics Cell for construction of Lahore Ring Road- Southern Loop (SL-III) Raiwind Road to Multan Road.
With the construction cost of around Rs-10 billion, it is the second largest infrastructure project in Punjab in PPP (Public-Private Partnership) mode. The first one was Lahore Ring Road- Southern Loop-1 and 2 project).
The project will be executed as 25 years BOT project with construction period of one year.
It will act as major connection for GT Road, Sialkot Motorway and existing Ring Road sections with Multan Road (N-5).
The Prime Minister was informed that design features of the project have comprehensively been reviewed and include environmental aspects too.