The Public-Private Partnership Authority (P3A) Board has approved thePublic-Private Partnership (PPP) agreement for the construction of theSukkur-Hyderabad Motorway (M6) and gave nod to the project proposal of‘Development & Operation of Karachi Circular Railway (KCR) which wasearlier presented before the Executive Committee of the National EconomicCouncil (ECNEC) for approval.
The projects were approved in the 22nd meeting of the P3A Board chaired byDeputy Chairmanship Planning Commission Dr Mohammad Jehanzeb Khan.
Last month, the P3A Board had approved the Project Proposal of thesuccessful bidder for the construction of the M-6 Project on a PPP basis ata cost of Rs. 307 billion.
M-6 is a 306-km 6-lane green-field facility proposed to be built onBuild-Operate-Transfer (BOT) basis. The project concession period is 25years including 30 months construction period and a 6-month financial closeperiod.
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M-6 is the only missing link in the north-south motorway network startingfrom the port city of Karachi, traversing the provinces of Sindh and Punjaband finally terminating at Peshawar. After the completion, the commuterswould be able to travel from Karachi to the upcountry via motorway.
The approval of the PPP Agreement by the Board will be followed by thesigning of the PPP Agreement between the concessionaire and the NHA.
