P3A approves Sialkot-Kharian motorway project worth Rs27.8bn

Islamabad: The Sialkot-Kharian Motorway project costing Rs27.8 billion was approved in the Board meeting of the Public-Private Partnership Authority (P3A).

invest with imarat

Islamabad’s emerging city centre

Learn More

The meeting was chaired by Minister for Planning, Development and Special Initiatives Asad Umar.

The National Highway Authority (NHA), Frontier Works Organization (FWO), and Sultan Mehmood & Co. will construct a 69 km long, 4-lane road on a Build-Operate-Transfer (BOT) basis under Public-Private Partnership (PPP).

The government will back up the project’s financial viability via Viability Gap Fund (VGF) comprising Rs. 10.94 billion. The project will be completed within 24 months after the financial close, with a concession period of 25 years.

The future project will complement the Kharian-Rawalpindi Motorway and also supplement the inflow of the existing Lahore-Sialkot Motorway.

 

For news and blogs, visit Graana.com.

Maham Tahir

Recent Posts

Garha Mor: A Notable Landmark in Vehari City

Garha Mor, a notable landmark in Vehari, Punjab, Pakistan, is significant in its location, accessibility,…

1 day ago

Aslam Market Wah Cantt: Pleasure of Shopping & Dinning

Located in the center of Wah Cantt, Aslam Market is a vibrant commercial hub that…

2 days ago

Abid Market Lahore: An Iconic Shopping Landmark

Located in the bustling heart of Lahore, Abid Market is a landmark shopping area well…

3 days ago

CDA Chairman Urges Rapid Completion of Major Islamabad Interchanges

ISLAMABAD, Nov 16 (APP): The Chairman of the Capital Development Authority (CDA), Muhammad Ali Randhawa,…

3 days ago

IMARAT Announces Launch of Pakistan’s Largest Sharia-Compliant REIT – A New Era of Real Estate Investment

Islamabad, Pakistan— IMARAT Group, a leading real estate developer and innovator in Pakistan, announces the…

3 days ago

Amma Tower: A Landmark in Urban Living & Commerce

Amma Tower, located in the bustling area of Saddar in Karachi, is a unique blend…

4 days ago