Lahore: The Punjab government has decided to complete five mega projects on a public-private partnership (3P) model, news sources reported on June 15. The five mega projects will be partially funded by the government, while the remaining funds will be raised by private firms.
Reportedly, the government has decided to develop five mega projects in 3P model to save revenue for other projects proposed in the budget. The five projects that have been set to become part of the model are:
- PKR 18.5 billion worth Faisalabad-Chiniot-Sargodha Road dualisation project
- PKR 16.7 billion worth Multan-Vehari Road dualisation project
- PKR 10 billion for the Wazirabad-Sambrial-Sialkot Road rehabilitation project
- PKR 4 billion will be spent on the Faisalabad Institute of Cardiology
- PKR 1 billion has been allocated for the installation of weighing machines on major motorways and roads
It is worth noting that the Punjab government has presented a budget for the fiscal year 2022-23 (FY-23) on June 14. The social sector has claimed 40% of the ADP, which is 22% more than the previous year’s PKR 560 billion. For FY 2022-23, at least 24% of the ADP has been set aside for infrastructure development, 6% for manufacturing, and 2% for the services sector, with the remaining 28% set aside for various programmes and special projects.