LAHORE: The Asian Infrastructure Investment Bank (AIIB) and Asian Development Bank (ADB) lend $688.92 million for the Punjab Arterial Roads Improvement Programme (PARIP).
The ADB will contribute a total of $386.60mn (50%), whereas AIIB will contribute $302.32mn (39.1%), and the government of Punjab will bear the remaining 10.9% cost – $84.28mn, of the project worth $773.20mn.
The government has approved various schemes under the development project to be implemented In nine districts – including Bahawalnagar, Bahawalpur, Layyah, Jhang, Toba Tek Singh, Vehari, Okara, Pakpattan and Sahiwal. The approved projects include dualisation and rehabilitation of four provisional highways, improving intercity connectivity and activity.
According to the plan presented by the provincial government, a dual 535km carriageway highway project is scheduled to be completed within 63 months. The project aims to reconstruct and improve the existing carriageway and, with the available right of way (RoW), construct a new carriageway as well.
The project has been divided into 4 corridors. The Corridor – 207 km long will cover Chichawatnl – Rajana/Pir Mahal – Chowk Azam – Layyah. The 103km long Corridor-2 will cover M-4 Chiragabad Interchange – Jhang –Shorkot. Corridor 3, sprawling on 150kms, will cover Depalpur- Pakpattan Shareef -Vehari Road. Lastly, the 75km long Corridor-4 will cover Hasilpur and Bahawalnagar Road.
For news and blogs, visit Graana.com.
As Milan’s real estate boom starts to stabilize, investors are increasingly looking toward Rome as…
Dubai’s skyline is set to welcome a new icon as Azizi Developments launches global sales…
The federal government is considering removing the Federal Excise Duty (FED) on the transfer of…
Under the patronage of Minister of Housing and New Urban Communities Sherif El-Sherbiny and Minister…
The Capital Development Authority (CDA) has scheduled an open auction for commercial plots at Jinnah…
The capital city of Pakistan is gearing up for a grand celebration as Interior Minister…
Welcome to Graana Blog - Pakistan’s Smartest Property Portal!
For more than a decade our intention has been to revolutionise the real estate industry in Pakistan. The same belief drove the vision of our real estate team, Graana where quality beats quantity.
We have introduced an extremely transparent and purposeful portal where we will help you buy, rent or sell your property. A place where you can sit back relax and let us market your projects and listings. We believe we have set new standards for the future of real estate in Pakistan by providing the smartest property portal.
