Karachi: The federal government has eliminated all technical and financial hurdles blocking the construction of the 306-kilometre-long Sukkur-Hyderabad Motorway (M-6), according to a news story published on May 3.
The Sukkur-Hyderabad motorway is being hailed as the biggest project in the development package announced for Sindh by Prime Minister Imran Khan last month. With the issues being faced by the project, the motorway will be formally launched in the current month for further proceedings.
Reportedly, the project envisages the construction of a ‘306-kilometre-long green-field six-lane access-controlled motorway on build-operate-transfer (BOT) basis’ at an estimated cost of PKR 191 billion. The federal government intends to financial viability and bankability of the project through the ‘capital and operational VGF [Viability Gap Fund]’.
It has been revealed the commercial feasibility study and transaction structure has been approved and is expected to be floated in the market this month. The development period for the project is three years with six months financial close and a 25-year concession period.
‘The project alignment passes through Jamshoro, Tando Adam, Hala, Shahdadpur, Nawabshah, Moro, Dadu, Naushehro Feroze, Mehrabpur, Rasoolpur, Larkana, Khairpur and Sukkur,’ revealed an official.