As Pakistan is a progressing Country Prime Minister Imran Khan wants speedy development in all provinces of our homeland. He is supervising many Mega Development Projects like Leh Expressway Project Rawalpindi, and many other projects himself. Kharian Rawalpindi Motorway Project is also a part of the advancement and empowerment.
In the 18th meeting of the Board of Directors of the Private Public Partnership Authority (P3A), held with the Minister for Planning and Development in the chair, the transaction structure of the Kharian-Rawalpindi Motorway has been approved. The 117 km 4-lane (expandable to 6-lane) motorway providing the shortest alternative route between Lahore and Islamabad/Rwp is expected to be completed in 24 months at a cost of Rs 80 billion.
AS per the statement released by the Planning commission, The Board meeting considered the transaction structure proposed by P3A and the commercial feasibility study carried out by National Highway (NHA). The board approved the transaction structure of the project to be implemented on a Build-Operate-Transfer (BOT) – user-charge basis. However, government support in the form of capital and operational Viability Gap Fund (VGF) will be provided to make the project financially viable for the private sector. The concession period of the project would be 25 years including the construction period.
The meeting was attended by The Deputy Chairman Planning Commission, Secretary MoPD&SI, Representative of Secretary Finance Division, Director General Debt Office of the Finance Division, Chairman National Highway Authority (NHA) Secretary Communications, Executive Officer P3A, and two private members of the Board Member Private Sector Development, Member Infrastructure & Regional Connectivity, Chief, Huma Ejaz Zaman, and Akbar Ayub Khan, also attended the meeting.