Important development Reported on Sukkur - Hyderabad Motorway, the last missing portion of the Karachi Peshawar Motorway under CPEC
Shares
ISLAMABAD - Important development Reported over Sukkur - Hyderabad Motorway project, the last missing portion of the Karachi Peshawar Motorway under CPEC.
The government has offered up Sukkur-Hyderabad Motorway (M-6), a critical component of China Pakistan Economic Corridor (CPEC), for foreign investment at a roadshow which will be completed with an estimated cost of over Rs. 204 billion.
According to the National Highways Authority (NHA), the project is planned to 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 a meeting of the board of directors of Public-Private Partnership Authority (PPPA) last month, where it was decided that private parties will finance construction of the project, operate it for a defined concession period and transfer it back to NHA, at no cost at the end of the concession period of 25 years.
According to an official statement, the motorway project is estimated to cost Rs 204.28 billion and will take 33 months to complete. An NHA spokesperson said that in order to attract foreign investment the authority arranged a roadshow where the Sukkur-Hyderabad Motorway (M-6) was offered for foreign investment.
Besides Chairman NHA Capt ® Sikandar Qayyum, Zhang Bing – Second Secretary of Economic and Commercial Sector, Embassy of China and Hasan Javed Secretary to Commercial Counsellor, Turkey also participated in the roadshow. NHA’s Member Public-Private Partnership (PPP) Tufail Ahmad Sheikh, Member Coordination Asim Amin and Member (Engineering-Coordination) Arbab Ali were also present.
Chairman NHA said that Prime Minister Imran Khan is working hard to provide a concrete infrastructure to the country for economic uplift. To this effect, he said, road communication sector possesses great significance.
Pakistan has already undertaken the gigantic China Pakistan Economic Corridor (CPEC) project with neighboring friendly country China. Other than the Sukkur-Hyderabad section, the Peshawar-Karachi Motorway (PKM) project is complete.
Now, this missing link (Sukkur-Hyderabad Section) is being offered for foreign investments.
