NHA at­tracts Rs101b pri­vate sec­tor in­vest­ment in one year

Pakistan Observer - - ECONOMY WATCH -

IS­LAM­ABAD—Na­tional High­way Au­thor­ity (NHA) at­tracted pri­vate sec­tor in­vest­ment worth Rs101 bil­lion within a pe­riod of one year. An of­fi­cial of NHA said that the present gov­ern­ment aims to put road in­fra­struc­ture com­men­su­rate with re­quire­ment of the coun­try as well as the re­gion.

It is un­doubt­edly the most crit­i­cal ac­tiv­ity at present mo­ment and the coun­try needs to get equipped with he up­graded road in­fra­struc­ture in the next five to seven years, he added. The gov­ern­ment wants to dou­ble the road den­sity till 2025 and in achiev­ing this goal is only pos­si­ble with the sup­port of pri­vate sec­tor, whereas fis­cal bud­get al­lo­ca­tions alone would suf­fi­cient to meet 50 per cent the set tar­geted de­mands. The rest has to come from the off-bud­get fi­nanc­ing through Pub­lic-Pri­vate-Part­ner­ship (PPP) projects, said the NHA of­fi­cial.

He said that pub­lic pri­vate part­ner­ship is be­com­ing an es­sen­tial com­po­nent of NHA de­vel­op­ment strat­egy. The ob­jec­tives set by NHA for PPP, he said, in­clude de­vel­op­ment, off-bud­get fi­nanc­ing, ef­fi­ciency, in­vest­ment, sus­tain­abil­ity and rev­enue gen­er­a­tion. Re­cent achieve­ments of the NHA’s PPP projects, he said, in­clude ren­o­va­tion of 357km La­horeIs­lam­abad Mo­tor­way (M-2) likely to be com­pleted within a cou­ple of months, Habibabad fly­over on Peshawar-Karachi High­way (N5) near Pat­toki, Karachi-Hyderabad Mo­tor­way (M-9) to be com­pleted by De­cem­ber next year.

He said that PPP projects at pro­cure­ment stage in­clude im­prove­ment and widen­ing of N-5 from M-2/N-5 junc­tion to Tax­ila un­der­pass. He said that 20 km sec­tion widen­ing would also in­clude 6-lane fly­over at Tarnol rail­way cross­ing. He said that 53 km Pindi Bhat­tian-Faisalabad Mo­tor­way (M-3) would be con­verted into six-lane mo­tor­way on BOT ba­sis.—APP

IS­LAM­ABAD: Fed­eral Min­is­ter for Wa­ter and Power, Khawaja Muham­mad Asif wit­ness­ing let­ter of Sup­port sign­ing cer­e­mony be­tween Pri­vate Power and In­fra­struc­ture Board and Power Uni­ver­sal In­vest­ment Co.Ltd, Dubai for De­vel­op­ment of 640MW Azad-Pat­tan Hydro Power Project.

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