KP government to set up CPEC city

22 May, 2017

PESHAWAR: 

The government of Khyber-Pakhtunkhwa has come up with a unique idea of setting up a CPEC city in the province.

The Khyber-Pakhtunkhwa (K-P) government will set up two new cities – CPEC City and Peshawar Model Town – to develop the housing sector and cater to the residential needs of the province.

The provincial government inked a memorandum of understanding (MoU) with the Frontier Works Organisation (FWO) on Monday for this purpose. The MoU was singed at the K-P Chief Minister’s House.

Chief Minister Pervez Khattak told reporters that $11 billion were being invested in the housing, oil and gas, hydroelectricity and cement sectors.