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Hyderabad-Sukkur Motorway to Get Guarantee Amounting to Rs9.5bn

Hyderabad-Sukkur Motorway to Get Guarantee Amounting to Rs9.5bn

Islamabad: According to news reported on June 5, the Economic Coordination Committee (ECC) of the Cabinet has approved the construction of the Hyderabad-Sukkur Motorway while offering a PKR 9,500 million government guarantee. The Hyderabad-Sukkur motorway project has received government backing and will be carried out using a build-operate-transfer model, it was revealed at an ECC meeting. A thorough summary was provided by the Ministry of Communications, which highlighted the importance of this development.

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According to the specifics, the National Highway Authority (NHA) and TECMC would actively participate in the Public-Private Partnership (PPP) model implementation of the Hyderabad-Sukkur Motorway project. According to the PPP agreement, the NHA is required to give the concessionaire a Government of Pakistan (GOP) guarantee worth PKR 9,500.

This crucial guarantee serves as a commitment to ensuring the project’s successful financial close. To facilitate the concessionaire’s timely achievement of financial close, the Ministry of Communications has requested the ECC’s approval for the issuance of a government guarantee to be issued by the Ministry of Finance. This step aims to provide reassurance and confidence to the commercial lenders involved in the Hyderabad-Sukkur Motorway project.

 

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