Con­struc­tive co­op­er­a­tion

Southasia - - BRIEFINGS -

Alead­ing Turk­ish busi­ness group, Nurol, has ex­pressed its readi­ness to in­vest in the Gadani Power Park in Balochis­tan, and to as­sist Pakistan in build­ing the Karachi-La­hore Mo­tor­way as well as the Bhasha and Bonji dams. This was an­nounced af­ter a meet­ing be­tween a del­e­ga­tion of the group, led by its Vice Chair­man, Or­guz Carmikli and Pak­istani Prime Min­is­ter Nawaz Sharif. The Nurol Group is con­sid­ered a big name in the con­struc­tion of mo­tor­ways, dams and hy­dro­elec­tric power plants and has con­structed the Ge­bze-Izmir Mo­tor­way in Turkey. The most no­table fea­ture of this pro­ject is the 3.3kilo­me­tre-long Iz­mat Bay sus­pen­sion bridge – the third largest in the world. Given the group’s con­tri­bu­tions to the con­struc­tion sec­tor, Prime Min­is­ter Sharif hoped that it would ben­e­fit from the huge busi­ness and in­vest­ment op­por­tu­ni­ties of­fered by Pakistan’s pri­or­ity sec­tors for in­vest­ment such as hy­del and coal power plants, the Karachi-La­hore Mo­tor­way and in­fra­struc­ture de­vel­op­ment. He also said that the Pakistan Power Park at Gad­dani of­fers a golden op­por­tu­nity to in­vest in coal-based power plants.

The Vice Chair­man of the Nurol Group, Or­guz Carmikli ex­pressed his sat­is­fac­tion over Pakistan’s le­gal frame­work for for­eign in­vest­ment and stated that the fed­eral govern­ment would pro­vide sov­er­eign guar­an­tees for the con­struc­tion of dams and en­ergy projects. The com­pany is likely to con­struct mo­tor­ways on a buil­d­op­er­ate-trans­fer ba­sis.

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