Islamabad: The Public-Private Partnership Authority (PPPA) Board has approved the proposals for the construction of Sukkur-Hyderabad Motorway (M-6) and Kharian-Rawalpindi Motorway (KRM) on a Public-Private Partnership (PPP) basis, according to a news story published on Friday (February 18). Deputy Chairman of the Planning Commission Mohammad Jehanzeb Khan approved the construction of Sukkur-Hyderabad (M-6) Motorway with the provision of capital Viability Gap Funding (VGF) amounting to PKR 9.5 billion.
As per the details, the Sukkur-Hyderabad (M-6) motorway project will include the construction of a 306-kilometre long green field-controlled access road, at the cost of PKR 307 billion (as per the successful bidder’s proposal). The successful bidder has proposed to provide PKR 408 billion guaranteed revenue share to the government over 22 years. It is expected that the project will generate PKR 918 billion in the form of corporate taxes.
Moreover, the meeting was notified that after the completion of the said motorway project, the commuters will be able to travel from Karachi to Peshawar. According to the Planning Commission, the project will provide exceptional economic benefits by boosting tourism, creating employment opportunities, saving costs, reducing travel time, and promoting the socio-economic development of rural and urban centres. Reportedly, the meeting also approved the construction of Kharian-Rawalpindi Motorway (KRM) on a Public-Private Partnership basis.
The said project has been approved by the Central Development Working Party, Risk Management Unit, and Executive Committee of the National Economic Council. According to the details, the Kharian-Rawalpindi Motorway is a 117-kilometre long 4-lane (convertible to six-lane) greenfield facility. It is expected to be complete within 2-years.