Islamabad: Public Private Partnership Authority (PPPA) approved PKR 27.8 billion Sialkot-Kharian Motorway, according to media reports. As per details shared, the project includes the construction of a 69-kilometre long four-lane toll road on a Build-Operate-Transfer (BOT) basis.
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Planning Minister Asad Umar chaired a board of director’s meeting, in which the signing of the motorway project was approved. In his tweet, the minister disclosed that the Sialkot-Kharian Motorway project is the first project to be developed under an innovative financial structure by Viability Gap Funding (VGF).
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Additionally, it was reported that the construction of the motorway project will be on Public Private Partnership basis. Asad Umar also mentioned that projects, worth PKR 1 trillion are in pipeline.
It is pertinent to mention previously, the board approved the bidding documentation package and transaction structure in March, and the bidders’ proposal in June.
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