Islamabad: Board of Investment (BoI) on Wednesday (September 29) submitted the first two phases of the Sialkot-Kharian-Rawalpindi Motorway project to United Nations Development Programme (UNDP) at the Sustainable Development Goal (SDG) Investment Fair for international investors, according to media reports.
BoI Secretary Fareena Mazhar stated that the project will facilitate in better structuring of projects, exchanging of ideas, and refinement of investment proposals along with increasing investment agreements.
During the meeting, the first two phases of the Sialkot-Kharian-Rawalpindi Motorway project was presented, which will be sponsored by National Highway Authority (NHA). It was mentioned that the project will connect industrial cities such as Wazirabad, Sialkot, and Gujrat. Additionally, the project will decrease migration pressure on the large cities as thousands of employment opportunities will be created with 40 industries related to the construction sector.
Moreover, the BoI secretary also disclosed that the Sialkot-Kharian Motorway project will be extended to Rawalpindi in the next phase. It was reported that this project will decrease the cost of doing business and improve commercial transport connectivity.
Sharing more details about the second phase, the total length of the project will be 115-kilometre. To this effect, the design and commercial feasibility study is being executed and investment is sought through bidding. It was disclosed that it will be an extension of the four-lane Sialkot-Kharian Motorway. With the construction of the Kharian-Rawalpindi area, the Lahore-Sialkot-Kharian-Rawalpindi Motorway network will be completed. The said project will connect Small Medium Enterprises hubs for enhanced productivity and employment opportunities.