KP Road show in Beijing attracts Chinese investors on first day

KP Road show in Beijing attracts Chinese investors on first day

PESHAWAR: On the first day of KP Road Show in Beijing (China), MoUs were signed between KP government and Chinese authorities for five projects costing up to Rs. 60 billion.

According to press release received here from China, the five projects were related to CPEC Tower, construction of new bus terminal at Chamkani, Ring Road missing link, Health City at Regi Model Town, Commercial and Residential Reconstruction Center.

Secretary Local Government, Jamal Shah signed the MoUs from KP Government side while KP Chief Minister, Pervez Khattak, Provincial Minister for Local Government, Inayatullah and Director General Peshawar Development Authority (PDA), Salim Watto were also present on the occasion.

These projects will be jointly executed by Peshawar Development Authority and Chinese companies , adds the press release.

According to break-up of five projects, the cost of construction of missing link of Ring Road will cost up to Rs. 12 billion.

Construction of new general bus stand at Chamkani will costs up to Rs. 10 billion. Whereas, construction of CPEC Tower at existing bus terminal will cost Rs. Five billion.

The construction of Health City at Regi Model Township is estimated to cost up Rs. 22 billion. While the initial estimate over construction of Commercial and Residential Reconstruction Center is estimated around Rs. 11 billion.

The PC:1 of all these projects are completed and soon Chinese authorities will visit Pakistan for giving final shape to execution process, observed DG PDA, Salim Watto. (APP)

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