Karachi: According to a recent news report, the National Highways Authority (NHA) Executive Board has reviewed its earlier decision and approved three mega road projects including Hyderabad-Sukkur Motorway (M-6), a critical component of the China-Pakistan Economic Corridor (CPEC) on Public-Private Partnership (PPP) mode with an upfront government support in the form of Viability Gap Funding (VGF).
Read More: NHA approves production of Hyderabad-Sukkur Motorway (M-6), other road projects
Documents available with Business Recorder revealed that the PC-I will be revised/prepared accordingly and submitted for approval, in addition to seeking approval from Public-Private Partnership Authority (P3A).
The chairman of NHA led a gathering of the Executive Board and examined the development of PPP projects with the help of VGF. The concessionaire will be liable for activity and support of Motorway M-5 during that period, aside from the help zones and commercialization of ROW income which will stay heavily influenced by the NHA.
Read More: Construction of overhead bridges on CPEC route requested
In any case, the NHA Executive Board has checked on its prior choice and permitted the NHA to actualize following activities on the PPP mode with a forthright government uphold as the VGF.
These projects include:
- Hyderabad-Sukkur Motorway (M-6)
- Sialkot-Kharian Motorway
- Balkasar-Mianwali Road
The Executive Committee of the National Economic recently approved the project at a cost of Rs. 175 billion, and the paperwork of Sukkur-Hyderabad Motorway is being completed.
For more details, visit our website Property News.
