ISLAMABAD – Important development Reported over Sukkur – Hyderabad Motorwayproject, the last missing portion of the Karachi Peshawar Motorway underCPEC.
The government has offered up Sukkur-Hyderabad Motorway (M-6), a criticalcomponent of China Pakistan Economic Corridor (CPEC), for foreigninvestment at a roadshow which will be completed with an estimated cost ofover Rs. 204 billion.
According to the National Highways Authority (NHA), the project is plannedto be completed in 30 months at a construction cost of approximately Rs.175 billion with Intelligent Transport System (ITS).
Minister for Planning, Development and Special Initiatives Asad Uma over ameeting of the board of directors of Public-Private Partnership Authority(PPPA) last month, where it was decided that private parties will financeconstruction of the project, operate it for a defined concession period andtransfer it back to NHA, at no cost at the end of the concession period of25 years.
According to an official statement, the motorway project is estimated tocost Rs 204.28 billion and will take 33 months to complete. An NHAspokesperson said that in order to attract foreign investment the authorityarranged a roadshow where the Sukkur-Hyderabad Motorway (M-6) was offeredfor foreign investment.
Besides Chairman NHA Capt ® Sikandar Qayyum, Zhang Bing – Second Secretaryof Economic and Commercial Sector, Embassy of China and Hasan JavedSecretary to Commercial Counsellor, Turkey also participated in theroadshow. NHA’s Member Public-Private Partnership (PPP) Tufail AhmadSheikh, Member Coordination Asim Amin and Member (Engineering-Coordination)Arbab Ali were also present.
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Chairman NHA said that Prime Minister Imran Khan is working hard to providea concrete infrastructure to the country for economic uplift. To thiseffect, he said, road communication sector possesses great significance.
Pakistan has already undertaken the gigantic China Pakistan EconomicCorridor (CPEC) project with neighboring friendly country China. Other thanthe Sukkur-Hyderabad section, the Peshawar-Karachi Motorway (PKM) projectis complete.
Now, this missing link (Sukkur-Hyderabad Section) is being offered forforeign investments.
