P3A & NHA collaborate on development of Sialkot-Kharian Motorway Project

NationalP3A & NHA collaborate on development of Sialkot-Kharian Motorway Project

ISLAMABAD, Pakistan: The Public-Private Partnerships (PPPs) in the Road Sector are an established mode of service delivery worldwide. Pakistan also has been successful in attracting significant Private Sector participation in building and operating road infrastructure on a PPP basis.

The Public-Private Partnership Authority (P3A) has the mandate to facilitate Federal Implementing Agencies (IA) in developing, structuring, and procuring their infrastructure projects on a PPP basis, and under the P3A (Amendment) Ordinance 2020, the Board of P3A is empowered to approve such ‘Qualified’ PPP projects which can demonstrate value for money to the public sector while retaining bankable financial structure for the private sector.

The P3A is collaborating with and facilitating the National Highway Authority (NHA) in the process of developing the transaction for seeking the participation of qualified Private Sector Parties to construct and operate 70 km long four-lane Sialkot Kharian Highway on a PPP basis. The commercial feasibility study of the project has been completed by the NHA.

The project is likely to involve injection of upfront capital subsidy by the government to supplement the financial viability and bankability of the Project.

The government is also engaging with the Word Bank for assistance in the devising of a transaction structure for the project that is capable of offering a value-for-money solution to the Public Sector while allowing a viable structure for the private sector participation.

The project is proposed to augment the existing road network in Punjab and will pave the way for launching phase-II of the project taking the motorway further to the City of Rawalpindi, said the CEO of the P3A.

The project has been approved by Central Development Working Party and has been recommended for approval to the Executive Committee for the National Economic Council (NCE). The project is expected to be floated in the market within this financial year.

Mati
Mati
Mati-Ullah is the Online Editor For DND. He is the real man to handle the team around the Country and get news from them and provide to you instantly.

Must read

Recent News

Moscow says it won’t allow US to silence UNSC on Israeli violence against Palestinians Monitoring Desk: Russian envoy in United Nations Vasily Nebenzya said that the UN Security Council should bring peace, stability and prosperity to the Middle East and Russia would not allow United States to silence UNSC over the issue of Gaza crisis. According to TASS news Agency, Nebenzya said that Moscow will continue to call for an end to violence against Palestinians and will not allow the US to muzzle the UN Security Council as Washington seeks to support Israel's operation in Gaza. "We will continue to stand firmly for ending violence against the Palestinians. Without a shadow of a doubt, we will continue to expose the abuses and sanctimony with which the US is handling the situation. We will not allow the Americans to gag the entire council with their hands in an effort to encourage further continuation of Israel's ruthless operation," he said in a speech at the Security Council.

Moscow won’t allow the US to silence the UNSC on Israeli violence against Palestinians

0
Monitoring Desk: Russian envoy to the United Nations Vasily Nebenzya said that the UN Security Council should bring peace, stability, and prosperity to the...

From Valdai to Margalla Dialogue —- All roads to Civilisations go through Islamabad

0
By Shazia Anwer CheemaThe emergent realities of global security are fundamentally transforming the frame of references and trajectorial approaches toward them. New security architecture...

12 more men in uniform embraced martyrdom for the motherland in Pakistan

0
Monitoring Desk: 12 more men in uniform embraced martyrdom for the motherland in Pakistan, said Inter Service Public Relations (ISPR) of the Pakistan Army.On...
Dr. Attia Anwar

Lifelong learning

0
By Dr. Attia AnwarAs we age, our minds and mental health become more important. We should try to maintain and improve them. Education is...
12th Defense Expo 'Ideas 2024' 'Weapons for Peace' a major step in defense diplomacy

12th Defense Expo ‘Ideas 2024’ ‘Weapons for Peace’ a major step in defense diplomacy

0
By Asghar Ali MubarakIdeas 2024, the global exhibition of defense equipment, will begin today at the Karachi Expo Center on November 19, in which...
Advertisement